The NYC-based Conference Board research group reported that its U.S. Consumer Confidence Index dropped to 52.9 in June from 62.7 in May, reversing three months of gains. It was the lowest level since March, when the index stood at 52.3. Lynn Franco, director of the Conference Board Consumer Research Center, explained the drop in this statement. “Increasing uncertainty and apprehension about the future state of the economy and labor market, no doubt a result of the recent slowdown in job growth, are the primary reasons for the sharp reversal in confidence.” Bloomberg Businessweek reports that people are feeling even worse in Great Britain, where consumer confidence has reached a six-month low. CNNMoney.com Conference Board Press Release Jun. 29, 2010
Consumer Confidence Plummets in June
Geography, Research, Trends, Forecasts, UK/Europe, USA
Comments Off
Jun 302010
May 262010
Crediting growing optimism about job prospects, The Conference Board said Tuesday that its Consumer Confidence Index rose to 63.3 points, from a revised 57.7 points in April. Despite the good news, some economists fret that consumers’ moods could sour as a result of Wall Street losses and the debt crisis in Europe. The New York Times The Conference Boards Consumer Confidence Index Press Release May 25, 2010
U.S. Consumer Confidence Plummets to Lowest Level on Record
Research, Trends, Forecasts, USA
Comments Off
Oct 312008
The Conference Board’s Consumer confidence index fell from a reading of 61.4 in September to 38 in October, the lowest level since the index was established more than 40 years ago. (The previous all-time low was a December 1974 level of 43.2.) The Financial Times (UK) Oct. 29, 2008
