News Tag: Conference Board
February 23, 2010
US consumer confidence took a dive in February after the closely-monitored Consumer Confidence Index from the Conference Board fell to a 10-month low of 46, down from a revised 56.5 in January.
The index still remains far away from the 90 points required to show that the world’s largest economy is on solid footing.
Furthermore, the reading is still below the ...
US consumer confidence tumbles in February
by Kay Murchie
January 26, 2010
The US economy experienced two sets of positive economic data today. Firstly, the Standard & Poor’s/Case-Shiller composite index of 20 metropolitan areas rose for the sixth consecutive month in November.
According to the index, house prices were 0.2% higher compared with the October.
Meanwhile, on an annual basis, the 20-city index was 5.3% down compared with November 2008.
David Blitzer, chairman of ...
US house prices rise, consumer confidence up
by Kay Murchie
November 24, 2009
The Commerce Department today revealed that the world’s no.1 economy grew at a far slower rate in the third quarter than previous estimates showed.
According to official figures, the US economy grew by 2.8% between the July and September period, rather than the 3.5% previously reported.
Today's figures confirm that the economy exited its worst recession for 70 years in the third quarter ...
US economic growth figures revised downwards
by Kay Murchie
October 27, 2009
US consumer confidence took a dive in October after the closely-monitored Consumer Confidence Index from the Conference Board fell to 47.7 from a revised 53.4 in September.
It is the second time in two months that the index has fallen and analysts were surprised by the fall after they were expecting the reading to stay the same or to rise slightly. ...
US consumer sentiment falls unexpectedly in October
by Kay Murchie
September 29, 2009
Despite positive comments from Federal Reserve chairman Ben Bernanke that the US recession is very likely over and President Barack Obama saying the economy is improving, it seems US consumers are not sharing their optimism after confidence fell unexpectedly in September.
The closely-monitored Consumer Confidence Index from the Conference Board fell from a revised 54.5 in August to ...
US consumers not as hopeful as policymakers as confidence dips
by Kay Murchie
August 25, 2009
The world’s largest economy continues its run of good news after consumer confidence rose in August.
The closely-monitored Consumer Confidence Index from the Conference Board business organisation grew to 54.1 from an upwardly revised 47.4 the previous month.
The latest reading exceeded market expectations but it is still well below the 90 mark - the minimum level associated with a healthy economy. ...
US consumer confidence reading beats expectations
by Kay Murchie
June 30, 2009
After a recent run of good news in the US, the Conference Board has today revealed a dip in consumer confidence this month.
The news came as a bit of a shock since the latest University of Michigan’s index of consumer sentiment rose from 68.7 in May to 70.8 in June - the highest level since February 2008 and is ...
Conference Board reveals fall in US consumer confidence
by Kay Murchie
January 28, 2009
As recession bites and fears grow over job security, US consumer confidence has plummeted to a record low in January.
According to the Conference Board’s monthly consumer index, confidence fell to 37.7, from a revised 38.6 in December, below analysts' expectations of 39.
The figure is the lowest since the New York-based group started monitoring consumer sentiment over 40 years ago.
The survey ...
US consumer confidence tumbles to record low
by Kay Murchie
