This article was posted 08/31/2009 and is most likely outdated.

Consumer Confidence is Rebounding
 

 


Subject - Consumer Confidence is Rebounding

August 31, 2009
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Consumer Confidence is Rebounding

The Conference Board Consumer Confidence Index ® Bounces Back
Image1August 25, 2009


The Conference Board Consumer Confidence Index ®, which had retreated in July, rebounded in August. The Index now stands at 54.1 (1985=100), up from 47.4 in July. The Present Situation Index increased slightly to 24.9 from 23.3 last month. The Expectations Index improved to 73.5 from 63.4 in July.

The Consumer Confidence Survey ® is based on a representative sample of 5,000 U.S. households. The monthly survey is conducted for The Conference Board by TNS. TNS is the world's largest custom research company. The cutoff date for August's preliminary results was August 18th.

Says Lynn Franco, Director of The Conference Board Consumer Research Center: "Consumer confidence, which had posted back-to-back monthly declines, appears to be back on the mend. The Present Situation Index increased slightly, mainly the result of an improvement in consumers' assessment of the job market. The Expectations Index improved considerably and is now at its highest level since December 2007 (Index, 75.8). Consumers were more upbeat in their short-term outlook for both the economy and the job market in August, but only slightly more upbeat in their income expectations. And, as long as earnings continue to weigh heavily on consumers' minds, spending is likely to remain constrained."

Consumers' assessment of current conditions improved slightly in August. Those claiming business conditions are "bad" decreased to 45.6 percent from 46.5 percent, however, those claiming conditions are "good" decreased to 8.6 percent from 8.9 percent. Consumers' appraisal of the job market was more favorable this month. Those saying jobs are "hard to get" decreased to 45.1 percent from 48.5 percent, while those claiming jobs are "plentiful" increased to 4.2 percent from 3.7 percent.

Consumers' short-term outlook was much improved from last month. Those expecting an improvement in business conditions over the next six months increased to 22.4 percent from 18.4 percent. Those anticipating conditions to worsen decreased to 15.8 percent from 19.0 percent.

The labor market outlook was also more upbeat. The percentage of consumers expecting more jobs in the months ahead increased to 18.4 percent from 15.5 percent, while those expecting fewer jobs decreased to 23.3 percent from 26.1 percent. The proportion of consumers expecting an increase in their incomes increased slightly to 10.6 percent from 10.1 percent.

For further information contact:
Lynn Franco
at +1 212 339 0344
lynn.franco@conference-board.org
http://www.conference-board.org/

 

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Comments
  • It really makes no difference what a chart shows or an article says as long as the jobs that were lost have not been replaced. What has happened to the USA in the last 20 years or so will not be corrected by the stroke of a pen.

    We have sacrificed quality for a lower cost of goods and in so doing sent millions of jobs to places like China all the while we are being spoon fed BS from our elected officials in Washington who really have no idea of what is going on. We are all at the mercy of idiots and I hope to God we figure this out much sooner than later.

    Most of us have fought long and hard for our standard of living and now we watch as it is being distributed to the other nations of the world. As our piece of the pie grows smaller the apples in our American pie seem to shrink as every day goes by with no end in sight.

    I love my country but it is time we stop electing these do nothings and place some real Americans in office. Our elected officials in Washington should work for free and just for the privilege of us allowing them to serve our great country. We also need term limits so no one gets to comfortable in there seat at the trough.

    Our children and grandchildren are depending upon us to leave them The Great American Dream intact so when your grandchild asks you (grandpa what did you do in the great Economic War) we can look at them in the eye and say I fought to preserve our way of life and standard of living. I helped bring pride back to our country so every man counts and most of all I did all of this for you my grandchild because I love you.

    HVAC1000
    Reply to this comment

  • I THINK ARNOLD SHOULD BE PUT OUT OF OFFICE ALL HE HAS DONE IS NOTHING GOOD TO CALIFORNIA BUT TO SCREW IT OVER AND OVER LOOK AT OUR ECONOMY...IT'S ONE OF THE WORSEST OF THE 50 STATES..

    Jose A Guillen
    Reply to this comment

  • I thank your numbers are bogus, I live in se NC, there is no work to be found. The last two times I went into shopping malls the stores were dead. MY wife and I just did a two week road trip to Texas, we found the motels to be hurting. In fact one hotel told me the week end night we stayed with them this was the second in the summer season they were 100% booked for that night. The desk clerk stated they were hanging on to the help but knew this could not continue.

    Hubert Gallagher
    Reply to this comment

  • There are jobs in my area for QUALIFIED technicians. These are relatively good paying jobs. But quite a few unqualified people are still looking, and probably will be left out of the economic recovery process, at least at the pay level they were at before the economic crisis

    Doug Ball
    Reply to this comment

  • nope. i think your wrong on this issue. the what we have seen are contribed figures to foolishly make the charting work to bring it back. but as we are seeing, no matter how well we talk up this dismal economy it is startig its free fall once again. florida's construction in the tampa area has worstened. the obama bailout has gone to roads and bridges. very little in the way to help out the electrical industry. in looking for projects to bid, the many are now few. in invitations to bid, the stacks are now a trickle of papers coming through. but i know for every contractor or two that is having a down turn there is at least one saying they are doing fine. it will turn but not till the first and/or second quarter. we have had our first layoffs ever. we are down to several smaller crews. but one project could turn it all around. until then we will work with and on any thing to keep our men going. good luck out there. look for that light at the end of the tunnle it is there but abit faint at this time. bill kumala

    bill kumala
    Reply to this comment

  • sorry for the typos.

    bill kumala
    Reply to this comment

  • I had an inspector fail my generator yesterday because I didn't pull a ground in my parallel feeds. The electrical drawings only called for some ground rods drove at the generator. It's an 800 amp generator with a separat 250 amp feed is the inspector right. I talked to the Engineer and he said what I had was fine.

    scott surratt
    Reply to this comment


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