Skip to comments.That's A MAJOR Surge In Consumer Confidence
Posted on 09/25/2012 7:21:12 AM PDT by blam
That's A MAJOR Surge In Consumer Confidence
September 25, 2012
Consumer confidence surged from 61.3 last month to 70.3 this month.
That's well ahead of estimates of 63.1.
Needless to say this has all kinds of ramifications, if it holds up.
The significance is both political and economic if the consumer is feeling better.
Here's the full announcement from the Conference Board...
he Conference Board Consumer Confidence Index®, which had declined in August, improved in September. The Index now stands at 70.3 (1985=100), up from 61.3 in August. The Expectations Index increased to 83.7 from 71.1. The Present Situation Index rose to 50.2 from 46.5 last month.
The monthly Consumer Confidence Survey®, based on a probability-design random sample, is conducted for The Conference Board by Nielsen, a leading global provider of information and analytics around what consumers buy and watch. The cutoff date for the preliminary results was September 13.
Says Lynn Franco, Director of Economic Indicators at The Conference Board: The Consumer Confidence Index rebounded in September and is back to levels seen earlier this year (71.6 in February 2012). Consumers were more positive in their assessment of current conditions, in particular the job market, and considerably more optimistic about the short-term outlook for business conditions, employment and their financial situation. Despite continuing economic uncertainty, consumers are slightly more optimistic than they have been in several months.
Consumers appraisal of present-day conditions improved in September. Those claiming business conditions are good edged up to 15.5 percent from 15.3 percent, while those saying business conditions are bad declined to 33.3 percent from 34.3 percent. Consumers assessment of the labor market was also more upbeat. Those stating jobs are plentiful rose to 8.3 percent from 7.2 percent, while those claiming jobs are hard to get
(Excerpt) Read more at businessinsider.com ...
“business conditions are bad declined to 33.3 percent from 34.3 percent.’
That is not significant at all.
Just this morning:
New indexes will “surge” upwards in the next six weeks in direct proportion to Rats’ need to re-elect the Fraud.
FUBO as always!
Seriously, does anyone believe this?
all economic news will now be wonderful-—the lie only needs to hold another 42 days. Until the election.
Then the truth will hit with a vengeance.
All of a sudden like..........
Consumer confidence surges, Obama’s approval rating soar, polls show him way ahead, economy is roaring back, unemployment is falling like a rock...........methinks something rotten in the state of Denmark........
Yeah. One more foreclosed home on my street this week.
This poll is BS.
There is no surge in consumer confidence anywhere I can see.
This looks all the world like just Re-Election Campaign Propaganda, to be “statistically corrected” on November 3rd.
you can bet on it...
This headline makes me wonder if Weimar Germany newspapers used the same headline as everyone rushed out to spend their "growing more worthless by the hour" German Marks when they got paid. I suspect we'll see this headline used to spin the story a lot more often as the dollar's decline in value accelerates at a quickening pace at some point soon.
The jobs started to disappear in 2008 when the people realized they were going to get a Marxist in office. Is it possible that the people are predicting a change in the executive branch that will be better for their long term well-being? Sort of how the markets trade on future earnings?
Another lie by MSM for the Chosen One.
Headline should read:
“Agencies Cook Books for Obama!”
The Chocolate Ration has been increased AGAIN. You will be getting a generous 20 GRAMS instead of that stingy 30 grams. WOW!
Yeah, who ya gonna believe, me or your lying’ eyes!
My take on all of this is that investors and many regular people try to get ahead of the crowd by looking six months to a year into the future.
What they are seeing is Romney and Ryan taking over the reins of the economy and things starting to get back to normal. That IMHO is why we are starting to see economic activity "surge".
I also agree that the MSM will portray this as Obama's policies finally starting to take hold.
Total absolute bullsh!t! I am in business... I live on the front lines... IT HAS NEVER BEEN WORSE IN THE 40 PLUS YEARS THAT I HAVE BEEN ON THE FRONT LINES!
Outside of the government spending borrowed dollars and Wall Street spending QEIII on stocks... find me one private sector surge that is not overseas.
Says who? "The Conference Board" , and who are they? I expect to see this type of crap non-stop up until the election in an effort to keep the socialist kenyan in power. My gut feeling, which is as valid as any of the polls I've seen, is that confidence is low, and at best people are taking a "wait and see" attitude.
Ding ding ding we have a winner. You beat me to it.