Keyword: consumer

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  • Retail Disaster: Holiday Sales Crater by 11%, Online Spend Declines

    11/30/2014 5:16:39 PM PST · by SeekAndFind · 94 replies
    Zero Hedge ^ | 11/30/2014 | Tyler Durden
    Last year was bad. This year is an outright disaster. As we reported earlier using ShopperTrak data, the first two days of the holiday shopping season were already showing a -0.5% decline across bricks-and-mortar stores, following a "cash for clunkers"-like jump in early promotions which pulled demand forward with little follow through in the remaining shopping days. However, not even we predicted the shocker just released from the National Retail Federation, the traditionally cheery industry organization, which just reported absolutely abysmal numbers: sales during the four-day Thanksgiving holiday period crashed by a whopping 11% from $57.4 billion to $50.9...
  • 'Pink Slime' Recovers as Beef Prices Surge

    05/24/2014 7:46:59 AM PDT · by Enterprise · 13 replies
    Newswr ^ | 5-24-2014 | John Johnson
    "Pink slime" may have become the scourge of the meat industry a few years back, but time and rising beef prices can work wonders. The Wall Street Journal reports that the two biggest producers of the product they prefer to call "finely textured beef" have mostly bounced back after sales bottomed out in 2012 amid a flurry of negative media reports. "Two years ago, no one would return our calls," says an exec with Beef Products Inc. "Now some of those same people are calling us unsolicited, and we don't have the sales staff to maintain the new business." And...
  • 19 Signs That The U.S. Consumer Is Tapped Out: Years of declining incomes and rising debts

    03/15/2014 11:53:43 AM PDT · by SeekAndFind · 33 replies
    TEC ^ | 03/15/2014 | Michael Snyder
    You can't get blood out of a rock. Traditionally the United States has had a consumer-driven economy, but now years of declining incomes and rising debts are really starting to catch up with us. In order to have an economy that is dependent on consumer spending, you need to have a large middle class. Unfortunately, the U.S. middle class is steadily shrinking, and unless that trend is reversed we are going to see massive economic changes in this country. For example, in poor neighborhoods all over America we are seeing bank branches, car dealerships and retail stores close down at...
  • Consumer Sentiment Dips in March

    03/14/2014 7:32:35 AM PDT · by mykroar · 3 replies
    FoxBusiness.com ^ | 3/14/2014 | Reuters
    <p>Consumer sentiment dipped modestly in early March, entirely due to reduced expectations for the future, a survey said on Friday.</p> <p>The preliminary Thomson Reuters/University of Michigan overall index of consumer sentiment fell to 79.9 in March, down from the 81.6 final reading in February. That was below analyst expectations for a reading of 82 and the lowest level for that index since November.</p>
  • US Q4 GDP Revised Down To 2.4% From 3.2% On Lower Consumer Spending

    02/28/2014 6:54:05 AM PST · by SeekAndFind · 26 replies
    International Business Times ^ | 02/28/2014 | By Moran Zhang
    The U.S. economy grew at a 2.4 percent annualized rate in the fourth quarter, the Commerce Department said Friday, revising down its initial estimate of a 3.2 percent increase in the nation's economic performance. The drop in fourth-quarter gross domestic product growth was largely due to a smaller-than-expected boost from Americans buying bit-ticket items such as autos. Consumer spending, which accounts for 70 percent of the U.S. economy, slowed to a 2.6 percent rise from 3.3 percent in the third quarter. Export, inventory accumulation and government spending also contributed to the downward revision in GDP. Capital Economics' Paul Ashworth now...
  • Happening now and I never even realised (power companies plans for gauging consumers)

    01/17/2014 12:12:07 AM PST · by ransomnote · 41 replies
    abovetopsecret.com ^ | Jan, 16 2014 | unknown
    I spoke to someone yesterday that I have not seen since 1996. I met him at the Barbican in London, he was an Inventor and I was an inventor and we were both displaying products, i then met him a few months later at the Southampton Science fair and we went out for a few beers. So he worked in electronics and when I met him yesterday he told me something that I could never imagine and still cant believe it but it does seem true as I did a couple of searches and thing are happening as he told...
  • When should Boehner file an Injunction with the Consumer Protection Agency against Obamacare?

    11/07/2013 7:03:48 AM PST · by Graewoulf · 36 replies
    Graewoulf | November 7, 2013 | Graewoulf
    Seldom have so few done so much financial harm to so many as is now occurring with the partial mandatory implementation of the Obama Socialist Health Insurance Tax, commonly called "Obamacare." Estimates today on FOX News "Fox and Friends" start at 4.5 Million clients who will have their current Medical Insurance policies cancelled at year end because those existing insurance policies are considered to be illegal by the Mandatory Obamacare Federal Insurance Tax Law. Will Speaker Boehner do ANYTHING to protect Insurance consumers from the harsh financial ruin that Obamacare clearly promises?
  • Debt Nation: Consumer Debt Tops Record $3.04 Trillion, But Money Multiplier/Velocity Decline

    10/13/2013 12:33:20 PM PDT · by whitedog57 · 12 replies
    Confounded Interest ^ | 10/13/2013 | Anthony B. Sanders
    According to The Federal Reserve G.19 Report for August, consumer debt topped $3 trillion! Of course, Federal government debt has topped $16 trillion, over 5 times the amount of consumer debt. Note that pickup in Federal debt growth compared to consumer debt growth after Q2 2008 (red box). feddebtconsumer Here is a chart of revolving consumer credit versus non-revolving credit. Non-revolving debt (e.g., auto loans) have effectively replaced revolving debt. revnonrev Business loans have finally grown past the prior peak in 2008. frbusloasn On the government side, current expenditures (purple line) continue to grow, but the rate of growth flattened...
  • Consumer Confidence Fall To Lowest Point In 5 Months As Interest Rates Rise

    09/13/2013 9:47:37 AM PDT · by whitedog57 · 3 replies
    Confounded Interest ^ | 09/13/2013 | Anthony B. Sanders
    Rising interest rates are really starting to hit the economy. The Reuters – University of Michigan Survey of Consumer Confidence Sentiment was forecast to be 82.0 but printed at 76.8 after a previous print of 82.1. This is the lowest print in 5 months. Rising Treasury and mortgage rates are definitely a cause of declining consumer confidence. Notice that the 10 year Treasury yield began to decline in mid 2011 and consumer confidence began to rise (green box). Then Treasury rates began rising on May 1st and consumer confidence fell (red box). With a lag. consumerconfid091313 We know that mortgage...
  • The One Chart To Explain Consumer Confidence (UMichigan Index Falls To 80)

    08/16/2013 7:38:16 AM PDT · by whitedog57 · 1 replies
    Confounded Interest ^ | 08/16/2013 | Anthony B. Sanders
    The University of Michigan Consumer Confidence Index dropped to 80, down to September 2007 levels. umcc But here is the one chart that largely is correlated with consumer confidence: housing price growth. umccloanhp Notice that consumer confidence was above 80 during the housing bubble and has only exceeded 80 recently as house prices have surged. But as house prices fell in 2008, consumer confidence fell below 80. Despite rising house prices, the recent increase in part-time rather than full-time jobs. Not to mention the reality of Obamacare. Average Weekly Hours 2013-08C I know I am feeling less confident!
  • UMichigan Consumer Confidence Index Rises Despite Rising Mortgage Rates and Gas Prices

    07/26/2013 10:47:14 AM PDT · by whitedog57 · 3 replies
    Confounded Interest ^ | 07/26/2013 | Anthony B. Sanders
    Its been a long, hard road for millions of Americans, but the University of Michigan consumer confidence index is back to levels not seen since August 2007, under President Bush. The last time consumer confidence broke the 100 level was in January 2004. umcihconsumerconfi This rise in consumer confidence is in spite on rising mortgage rates. ummort And consumer confidence is rising despite rising gasoline prices (green). concinfigas Could it be positive signs for a recovering private mortgage market? According to Jody Shenn, JPMorgan Chase & Co. sold U.S. home-loan bonds without government backing in its third offering since the...
  • CONSUMER CONFIDENCE SOARS IN MAY TO HIGHEST READING SINCE 2007

    05/31/2013 7:15:07 AM PDT · by blam · 26 replies
    Business Insider ^ | 5-31-2013 | Matthew Boesler
    CONSUMER CONFIDENCE SOARS IN MAY TO HIGHEST READING SINCE 2007 Matthew Boesler May 31, 2013, 9:55 AM Brady Hoke UPDATE: The consumer confidence report is out. The headline index rose to 84.5 in May from 76.4 in April. Economists expected the number to come in at 83.7, matching the preliminary estimate published by the University of Michigan earlier this month. The economic conditions sub-index rose to 98.0 from 89.9 in April, exceeding the preliminary May estimate of 97.5. The economic outlook sub-index rose to 75.8 from 67.8 in April, beating the preliminary estimate of 74.8. Inflation expectations one year ahead...
  • Economic mood in euro zone sours again in April

    04/29/2013 5:02:02 AM PDT · by mykroar
    FoxBusiness.com ^ | 4/29/2013 | Reuters
    BRUSSELS – Confidence in the euro zone's economy fell for a second straight month in April and by more than expected, data showed on Monday, strengthening the case for a cut in interest rates this week. Economic morale in the 17 countries using the euro slipped 1.5 percent points to 88.6, the European Commission said. Economists polled by Reuters had expected a decline to 89.3. The disappointing data highlights the euro zone's difficult road out of recession and the souring of the mood among companies and consumers since March, after an optimistic start to the year. Likely of most concern,...
  • What Type of Consumer Are You

    04/22/2013 6:32:20 AM PDT · by wbill · 21 replies
    Yahoo Finance ^ | Fri, Apr 19, 2013 | Melanie Hicken
    Truckin' & Stylin'. Shooting Stars. Timeless Elders. Based on where you live, how much money you make and where you shop, you may be classified into one of these categories by one of the country's largest data brokers. (snip, excerpt required) Married Sophisticates: You're in your late 20s or early 30s, recently married and likely have a household income between $50,000 and $100,000. You probably own a home, most likely in an upscale suburban neighborhood. You're a fan of "green and trendy cars," shop at Banana Republic and The Gap and are a loyal Netflix Inc. subscriber. Truckin' & Stylin':...
  • CFPB Reduces Consumer Choice by Banning Mortgage Features (“Thou Shall Not ..”)

    01/10/2013 2:48:30 PM PST · by whitedog57 · 8 replies
    Confounded Interest ^ | 01/10/2013 | Anthony B. Sanders
    The Consumer Financial Protection Bureau (CFPB), built by Senator Elizabeth Warren (D-MA) and run by “Robo Cop” Richard Cordray (the former Attorney General of Ohio), has issued its new list of mortgage feature bans for the “qualified mortgage.” Kerri Ann Panchuk from Housing Wire has a nice summary in her article. 201301_cfpb_ability-to-repay-factsheet Here are the features of Qualified Mortgages and what is banned: • No excess upfront points and fees • No toxic loan features o No interest-only loans, o No loans where the principal amount increases, such as a negative-amortization loan; and o No loans where the term is...
  • Consumer Credit Rises $14.2 Billion in October - Federal Consumer Credit Up $6.9 Billion

    12/07/2012 1:35:56 PM PST · by whitedog57
    Confounded Interest ^ | 12/07/2012 | Anthony B. Sanders
    The Federal Reserve announced today that consumer credit rose $14.2 billion in October. The Federal government (aka, student loans) accounted for $6.9 billion of the increase. Quite an increase since January 2009! Overall, here is the revolving credit versus the non-revolving credit growth. Non revolving credit (auto loans and student loans) has boomed when revolving credit is relatively flat. Merry Christmas and Happy Holidays … with your auto and student loans! Remember, you start paying soon graduates!!
  • U.S. Consumer Sentiment Sinks in Early December

    12/07/2012 7:27:35 AM PST · by mykroar · 7 replies
    FoxBusiness.com ^ | 12/7/2012 | Reuters
    Americans' outlook on the economy and their finances took a turn for the worse in early December due likely to anxiety about the potential for higher taxes resulting from contentious discussions in Washington over fiscal issues, a survey released on Friday showed. The Thomson Reuters/University of Michigan's preliminary reading of the overall index on consumer sentiment plunged to 74.5 in early December, the lowest level since August. It was far below November's figure of 82.7 and the median forecast of 82.4 among economists polled by Reuters.
  • New E15 Gasoline May Damage Vehicles and Cause Consumer Confusion

    11/30/2012 12:23:15 PM PST · by NormsRevenge · 27 replies
    PR Newswire - Yahoo ^ | 11/30/12 | PR Newswire
    AAA research reveals need for regulators and industry to suspend E15 sales to protect motorists ORLANDO, Fla., Nov. 30, 2012 /PRNewswire-USNewswire/ -- A recent survey by AAA finds a strong likelihood of consumer confusion and the potential for voided warranties and vehicle damage as a result of the Environmental Protection Agency's (EPA) recent approval of E15 gasoline. An overwhelming 95 percent of consumers surveyed have not heard of E15, a newly approved gasoline blend that contains up to 15 percent ethanol. ... Only about 12 million out of the more than 240 million light-duty vehicles on the roads today are...
  • Consumer Confidence Hits Highest Level Since February '08

    11/27/2012 9:25:58 AM PST · by mykroar · 37 replies
    Foxbusiness.com ^ | 11/27/2012 | Reuters
    Consumer confidence rose to a four-and-a-half-year high in November as consumers became more optimistic about the outlook for the economy, according to a private sector report released on Tuesday. The Conference Board, an industry group, said its index of consumer attitudes rose to 73.7 up from an upwardly revised 73.1 the month before, its highest since February 2008. Economists had expected a reading of 73.0, according to a Reuters poll. Read more: http://www.foxbusiness.com/economy/2012/11/27/consumer-confidence-hits-highest-level-since-february-08/#ixzz2DRcxDlqn
  • U.S. Consumer Sentiment Hits 5-Year High in November

    11/09/2012 7:50:49 AM PST · by mykroar · 43 replies
    FoxBusiness.com ^ | 11/9/2012 | Reuters
    U.S. consumer sentiment rose to its highest level in more than five years in November as consumers felt more optimistic about employment prospects and the outlook for the overall economy, a survey released on Friday showed. The Thomson Reuters/University of Michigan preliminary reading on the overall index on consumer sentiment came in at 84.9, up from 82.6 the month before. It was above the median forecast of 83 among economists polled by Reuters. "More consumers expected good rather than bad times financially in the economy in early November, not only for the year ahead but over the next five years...
  • October Surprise: Consumer Confidence Gets Back to Sept 2007 Level (Bush) - Did The Fed Contribute?

    10/12/2012 8:22:33 AM PDT · by whitedog57 · 11 replies
    Confounded Interest ^ | 10/12/2012 | Snakeeyes Econ
    As a long-time Ohio State Buckeye football fan, I have never been a fan of University of Michigan. And the recent University of Michigan Consumer Confidence index seems to be measuring optimism about Michigan Wolverine football than the economy. Seriously, as real GDP growth hovers barely above 1% and the crash in durable goods orders, this is a surprise. According to University of Michigan, consumer confidence has risen to Bush-era levels of September 2007. Just to put it into context, I put a yellow line through the 100 level. We still have a long way to go to get to...
  • Consumer Sentiment Rises Unexpectedly to 5-Year High <<Drink!>>

    10/12/2012 7:57:17 AM PDT · by mykroar · 17 replies
    CNBC.com ^ | 10/12/2012 | Reuters
    U.S. consumer sentiment unexpectedly rose to its highest level in five years in October as consumers became more optimistic about the overall economy in a possible boost to President Obama's reelection hopes next month. The Thomson Reuters/University of Michigan's preliminary October reading on the overall index on consumer sentiment came in at 83.1, up from 78.3 the month before, and the highest since September 2007, the survey showed on Friday.
  • That's A MAJOR Surge In Consumer Confidence

    09/25/2012 7:21:12 AM PDT · by blam · 30 replies
    TBI ^ | 9-25-2012 | Joe Weisenthal
    That's A MAJOR Surge In Consumer Confidence Joe WeisenthalSeptember 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...
  • Case-Shiller 20 City Composite Rose 2.3% MoM in June, Consumer Confidence Falls

    08/28/2012 11:27:37 AM PDT · by whitedog57
    Confounded Interest ^ | 08/28/2012 | Anthony B. Sanders
    The Case-Shiller house price indices were released this morning. The 20-City Composite posted an annual returns\ of +0.5% in June 2012. Month-over-month, average home prices in the 20-City Composite were up 2.3% versus May. You can see the Case-Shiller 20 Composite (green) compared to recent prints by FNC (blue) and FHFA Purchase (gold). For the second consecutive month, all 20 cities and both Composites recorded positive monthly gains. Eighteen of the 20 MSAs and both Composites posted better annual returns in June as compared to May 2012 – only Charlotte and Dallas saw a deceleration in their annual rates. As...
  • HUGE MISS: CONSUMER CONFIDENCE PLUNGES TO 60.6

    08/28/2012 7:20:43 AM PDT · by SeekAndFind · 22 replies
    Business Insider ^ | 08/28/2012 | Mamta Badkar and Eric Platt
    Consumer confidence missed big in August falling to 60.6. The reading is the lowest since November 2011. Meanwhile, July's reading was revised down to 65.4. "Consumers were more apprehensive about business and employment prospects, but more optimistic about their financial prospects despite rising inflation expectations," according to Lynn Franco, Director of Economic Indicators at The Conference Board. "Consumers' assessment of current conditions was virtually unchanged, suggesting no significant pickup or deterioration in the pace of growth." But the number is still above 60, showing the report wasn't a complete disaster. Here are some highlights from the report: The percent saying...
  • Gallup and Rasmussen agree: Consumer confidence plunging in June

    06/26/2012 12:01:21 PM PDT · by SeekAndFind · 3 replies
    Hotair ^ | 06/26/2012 | Ed Morrissey
    And it's not as if it was all that terrific before now, either. Gallup's weekly survey of consumer confidence shows a steep 10-point drop from -16 at the end of May to -26 today: Gallup's Economic Confidence Index was -26 for the week ending June 24, down slightly from -24 the week before. Americans' confidence has now receded for four straight weeks, and is at the lowest point since late January.U.S. economic confidence last week was hardest hit June 19-21, when it fell to -28, but it bounced back to -25 over the weekend. The midweek slide may have resulted...
  • Rasmussen Consumer Index-Consumer Confidence Falls to Lowest Level Since January

    06/24/2012 9:28:50 AM PDT · by Signalman
    Rasmussen ^ | 6/24/2012 | Scott Rasmussen
    Sunday, June 24, 2012 The Rasmussen Consumer Index, which measures consumer confidence on a daily basis, dropped two more points on Sunday to 80.2. The Consumer Index is down five points from a week ago, down ten points from a month ago, and down 11 points from three months ago. The Consumer Index has dropped over 15 points since May 20th when it was at 95.4.
  • Rasmussen Consumer Index-Consumer Confidence Falls to Lowest Level Since January

    06/24/2012 9:28:48 AM PDT · by Signalman · 4 replies
    Rasmussen ^ | 6/24/2012 | Scott Rasmussen
    Sunday, June 24, 2012 The Rasmussen Consumer Index, which measures consumer confidence on a daily basis, dropped two more points on Sunday to 80.2. The Consumer Index is down five points from a week ago, down ten points from a month ago, and down 11 points from three months ago. The Consumer Index has dropped over 15 points since May 20th when it was at 95.4.
  • Nov. consumer credit surges by $20.4 billion

    01/09/2012 12:31:44 PM PST · by Nachum · 24 replies
    Market Watch ^ | 1/9/12 | Greg Robb
    WASHINGTON (MarketWatch) -- U.S. consumers increased their debt in November by a seasonally adjusted $20.4 billion, the largest increase since November 2001, the Federal Reserve reported Monday. Monthly debt rose at a 10% annual rate in November, a much faster pace than had been expected by Wall Street economists.
  • The CFPB Wants You to Blow the Whistle on Lawbreakers

    01/05/2012 3:34:20 AM PST · by Jacquerie · 11 replies
    Consumer Financial Protection Bureau ^ | December 15th, 2011 | Kent Markus
    Do you have information about a company that you think has violated federal consumer financial laws? Are you a current or former employee of such a company, an industry insider who knows about such a company, or even a competitor being unfairly undercut by such a company? If so, the CFPB wants to hear from you. Tipsters and whistleblowers are encouraged to send information about what they know to whistleblower@cfpb.gov. Current employees providing information about their own employers – known as “whistleblowers” – may be protected from being fired or from other employer retaliation for providing us information. To learn...
  • 5 Charts That Show That Suddenly Something Is Going Wrong With The Consumer

    11/28/2011 4:55:23 PM PST · by Nachum · 43 replies
    Business Insider ^ | 11/28/11 | Joe Weisenthal
    Today the NY Fed released its quarterly report on consumer credit, and in it is a wealth of charts on the nature of consumer debt. The charts did contain a red flag: For the first time since the recovery began, there were clear signs that in Q3, consumers started falling behind on paying their debts following several quarter of improvement. It's not across all categories, and it's not necessarily even dramatic in some cases, but it is notable for the reversal in the pattern.
  • Personal Income Up 0.1%, Consumer Spending Jumps 0.6% for September 2011

    10/29/2011 4:32:18 AM PDT · by Son House · 10 replies
    Economic Populist ^ | 10/28/2011 | Robert Oak
    The Personal Income and Outlays report for September covers individual income, consumption and savings. Overall the report shows bad news as once again, America's income is rising less than spending. Spending is up 2.2% while disposable income has only increased 0.2% from this time last year. Adjusted for inflation it's even worse, real disposable income dropped -0.1% while real spending increased +0.5% from August to September. Personal consumption expenditures, often called consumer spending, increased 0.6% and in real dollars, is up 0.5% for September. Real Personal Consumption Expenditures, or PCE, are about 70% of GDP. Real means chained to...
  • Asian brands dominate Consumer Reports' 2011 Auto Survey

    10/26/2011 7:06:16 AM PDT · by DallasBiff · 53 replies
    asiaone ^ | 10/26/11
    Asian brands continue to dominate Consumer Reports' 2011 Annual Auto Survey, sweeping the top nine spots. Toyota's American brand Scion leads the pack, followed by Lexus, Acura, Mazda, Honda, and Toyota. The brands scored strong on predicted reliability tests. Of the 91 Japanese models for which Consumer Reports has sufficient data, 87 (96 percent) were rated average or better. 24 Japanese models earned the highest rating.
  • Oct. consumer confidence weakest since March 2009

    10/25/2011 7:52:53 AM PDT · by Free Vulcan
    Marketwatch ^ | 10.25.11 | Ruth Mantell
    The nonprofit organization said its consumer-confidence index declined to 39.8 in October from a September level of 46.4, which was upwardly revised from a prior estimate of 45.4. Economists polled by MarketWatch expected a reading of 46 for October; when the economy is growing at a good clip, confidence readings are at 90 and above... ...The Conference Board’s expectations barometer fell to 48.7 in October from 55.1 in September. The percentage of those who expected business conditions to be “better” in six months declined, while most expected the same conditions...
  • U.S. consumer prices up 0.3% in September

    10/19/2011 6:15:59 AM PDT · by Free Vulcan · 7 replies
    Marketwatch ^ | 10.19.11 | Jeffry Bartash
    ...The Labor Department said the consumer price index rose a seasonally adjusted 0.3% last month, pushing the increase over the past 12 months up to 3.9% from 3.8% in August... The core rate of inflation, meanwhile, rose a smaller 0.1% in September, keeping its 12-month increase at 2.0%. It was the smallest increase since March. Economists surveyed by MarketWatch had forecast consumer price index, which tracks inflation at the retail level, to rise by 0.3% in September. The core rate was expected to increase by 0.2%
  • October consumer sentiment declines

    10/14/2011 12:27:52 PM PDT · by Free Vulcan · 4 replies
    Marketwatch ^ | 10.14.11 | Ruth Mantell
    ...The preliminary sentiment reading for October hit 57.5, compared with 59.4 in September. Economists polled by MarketWatch had expected a slight rise, to 59.7, with volatility in the stock market offsetting lower gas prices...
  • October consumer sentiment declines ( Unexpected )

    10/14/2011 8:07:45 AM PDT · by george76 · 1+ views
    Market Watch ^ | Oct 14, 2011 | Ruth Mantell,
    A gauge of consumer sentiment declined in October, as expectations and views on current conditions fell... The preliminary sentiment reading for October hit 57.5, compared with 59.4 in September. Economists polled by MarketWatch had expected a slight rise, to 59.7, with volatility in the stock market offsetting lower gas prices. ... The sentiment reading, which covers how consumers view their personal finances as well as business and buying conditions, averaged about 87 in the year before the start of the most recent recession.
  • Consumer sentiment rises in September

    09/30/2011 8:10:52 AM PDT · by Free Vulcan · 5 replies
    Marketwatch ^ | 9.30.11 | Ruth Mantell
    The final reading for September showed that sentiment rose to 59.4 from 55.7 in August, which was the lowest level since November 2008. A preliminary reading released earlier this month estimated a sentiment level of 57.8 for September. With stock volatility and weak employment maintaining downward pressure on sentiment, economists polled by MarketWatch had expected a slight rise to 57.6 in September.
  • Consumer confidence ticks higher

    09/28/2011 6:37:08 AM PDT · by Free Vulcan · 4 replies
    Marketwatch ^ | 9.27.11 | Ruth Mantell
    As expectations slightly gained, consumer confidence ticked higher in September while remaining at low levels, the Conference Board reported Tuesday. The nonprofit organization said its consumer-confidence index rose to 45.4 in September from 45.2 in August, when it had plunged on worries about jobs and the U.S. debt, among other factors... Economists surveyed by MarketWatch had expected a September reading of 46.1...The August confidence reading was upwardly revised from a prior estimate of 44.5.
  • Consumer Hope for Future Hits Lowest Level Since 1980

    09/16/2011 9:25:13 AM PDT · by Nachum · 13 replies
    CNBC ^ | 9/16/11 | By: Reuters
    Consumer sentiment inched up in early September, but Americans remained gloomy about the future with a gauge of expectations falling to the lowest level since 1980, a survey released Friday showed. Getty Images The Thomson Reuters/University of Michigan's preliminary reading on the overall index on consumer sentiment edged up to 57.8 from 55.7 the month before, which had been the lowest level since November 2008. It topped the median forecast of 56.5 among economists polled by Reuters. "Overall, the data indicate that a renewed downturn in consumer spending is as likely as not in the year ahead," survey director Richard...
  • Consumers’ views on current economy rise (Michigan consumer sentiment)

    09/16/2011 8:34:17 AM PDT · by Free Vulcan
    Marketwatch ^ | 9.16.11 | Ruth Mantell
    The preliminary sentiment reading for September increased to 57.8 from 55.7 in August. The August reading was the lowest level since November 2008 with Washington’s protracted debt-ceiling negotiations taking a toll on consumers. “The mood of Americans remains dark so far this month, but not as dark as in August. Not that they can be blamed...,” wrote Jennifer Lee, senior economist at BMO Capital Markets... ...Economists polled by MarketWatch had expected a reading of 57.3...
  • U.S. consumer prices jump 0.4% in August: ‘Core’ rate highest since late 2008

    09/15/2011 6:03:30 AM PDT · by Free Vulcan · 7 replies · 1+ views
    Marketwatch ^ | 9.15.11 | Jeffry Bartash
    ...The Labor Department on Thursday said consumer prices rose a seasonally adjusted 0.4% in August. The increase was largely responsible for a 0.6% drop in the average hourly wages of U.S. workers, adjusted for inflation. It marked the biggest one-month decline in more than three years. Stripping out the volatile food and energy categories, the “core” rate of consumer price inflation rose a smaller 0.2%. Yet the core rate has also been rising steadily, hitting a 12-month level of 2.0% for the first time since November 2008.
  • Consumer credit jumps by $12 bln in July

    09/08/2011 8:47:11 PM PDT · by Free Vulcan · 11 replies
    Marketwatch ^ | 9.8.11 | Greg Robb
    WASHINGTON (MarketWatch) -- U.S. consumers increased their debt by a seasonally adjusted $12.0 billion, or at a 5.9% annual rate, in July, the Federal Reserve reported Thursday.
  • Higher prices: the big trend for back-to-school

    08/20/2011 8:10:05 AM PDT · by bgill · 20 replies
    AP ^ | August 19, 2011 | Anne D'Innocenzio
    Stores are trying everything they can think of to disguise the fact that you're going to pay more for clothes this fall. Some are using less fabric and calling it the new look. Others are adding cheap stitching and trumpeting it as a redesign. And the buttons on that blouse? Chances are you're not going to think it's worth paying several dollars more for the shirt just to have them. Retailers are raising prices on merchandise an average of 10 percent across-the-board this fall in an effort to offset their rising costs for materials and labor. But merchants are worried...
  • U.S. consumer inflation rebounds in July; Index rises 0.5%; core rate up 0.2%

    08/18/2011 6:18:20 AM PDT · by Free Vulcan · 5 replies
    Marketwatch ^ | 8.18.11 | Greg Robb
    WASHINGTON (MarketWatch) — The cost of living for Americans rebounded in July after a rare decline in June, data showed Thursday. The consumer price index, tracking the rate of inflation at the retail level, increased 0.5% in July, the biggest gain since March, the Labor Department said. The growth was above the consensus forecast of economists polled by MarketWatch who had been looking a 0.4% increase.
  • Dollar to drop on S&P move; safe-haven demand seen

    08/07/2011 3:57:34 AM PDT · by markomalley · 6 replies
    Reuters/Yahoo ^ | 8/7/11 | Saikat Chatterjee
    The U.S. dollar may weaken and Treasury yields rise when Asian markets reopen on Monday, though any selling in response to ratings agency S&P's downgrade of the United States is likely to be tempered by the escalating crisis in the euro zone. The S&P cut in the U.S. long-term credit rating by a notch to AA-plus is an unprecedented blow and results from concerns about the nation's budget deficits and climbing debt burden. It called the outlook "negative," signaling another downgrade is possible in the next 12 to 18 months. "The initial reaction will be a high degree of uncertainty...
  • Consumer credit surges 7.7% in June

    08/05/2011 12:50:50 PM PDT · by Free Vulcan · 16 replies
    Marketwatch ^ | 8.5.11 | Steve Goldstein
    Highlights: Consumer credit grew to $15.5 billion, to an annual rate of $2.45 trillion in June. Biggest jump in consumer credit since August 2007. Revolving credit (e.g. credit cards) grew 7.9%, or $5.21 billion. Nonrevolving credit (e.g. auto & student loans) grew 7.6%, or $10.32 billion.
  • Elizabeth Warren out at CFPB after Darrell Issa hearing? (Exit before official launch?)

    07/16/2011 6:38:50 PM PDT · by SeekAndFind · 17 replies
    Hotair ^ | 07/16/2011 | Ed Morrisey
    Elizabeth Warren will exit the Consumer Financial Protection Bureau before it officially launches, according to a single-sourced Bloomberg report last night. According to an unnamed “briefed” person, Obama will dump the controversial Warren for someone already working at the CFPB, and the announcement will come next week: Elizabeth Warren, a Harvard professor, was appointed last fall by Obama to set up the consumer bureau until a director was named. Warren previously was head of the congressional watchdog panel overseeing the bank bailout. This was one of those “temporary” assignments that an administration would eventually make permanent. Warren, however, became a...
  • U.S. consumer prices drop for first time in a year

    07/15/2011 7:23:34 AM PDT · by Free Vulcan · 11 replies
    Marketwatch ^ | 7.15.11 | Jeffry Bartash
    WASHINGTON (MarketWatch) — The cost of living for Americans fell last month for the first time in a year, mainly because of a drop in gasoline prices, the Labor Department reported Friday. The consumer-price index fell a seasonally adjusted 0.2% in June. Energy costs sank 4.4% — the largest decline since December 2008 — as the price of gas and household electricity decreased. Gas prices fell 6.8% and electricity declined 1.6%, the biggest drop in 14 years. The cost of food rose 0.2%, though it was the smallest monthly increase in 2011.
  • Oil Spikes, Double Dips and Dilapidated Dollars

    07/02/2011 4:35:24 PM PDT · by billflax · 9 replies
    Forbes ^ | Bill Flax
    To understand whether our recovery is in jeopardy, we must first grasp what prospers us, why economies recede and then what rejuvenates them. There is a natural symphony to the market. Everyone seeks the best available outcome. Our unlimited desires are tempered by scarcity, yet we all strive to get what we can while wanting still more. Price signals orchestrate this perpetual friction between buyers and sellers into a concert of mutual satisfaction. Wealth creation emanates from the value sellers add for which buyers are willing to pay, but buyers ensure efficient utilization of resources by insisting on lower prices....