Home Members Tools Credit Cards
   

  • Consumer Confidence Surges in November but Remains Historically Low

    Amid better jobs reports and pre-holiday spending, consumers have a more positive outlook on the economy for the first time since summer.

    Consumers’ overall feelings about the economy surged in November, according to a report released by the Conference Board on Tuesday. Consumer confidence - which measures - rose in November to 56 from 40.9 in October. The Present Situation index rose to 38.3 from 27.1, and the Expectations index rose to 67.8 from 50.

    Says Lynn Franco, Director of The Conference Board Consumer Research Center: "Confidence has bounced back to levels last seen during the summer (July 2011, 59.2). Consumers' assessment of current conditions finally improved, after six months of steady declines.”

    But while the consumer outlook has improved from sad levels, it is far from what would be viewed as “good” - it is more appropriately described as “not as bad.”

    “Consumers' apprehension regarding the short-term outlook for business conditions, jobs and income prospects eased considerably,” Franco said. “Consumers appear to be entering the holiday season in better spirits, though overall readings remain historically weak."

    For example, the percentage of consumers who thought business conditions were “good” increased 2% in November - but it is still only 13.3% of all who were surveyed. The percentage who stated they thought business conditions were “bad” declined 5.5% to 38.2% in November, but that is a very large portion who don’t have a positive outlook.

    Only 5.8% of consumers surveyed thought that “jobs were plentiful” in November, but that was a 2.2% increase from consumers who felt that in October. Those who said jobs are “hard to get” declined in November to 42.1% from 46.9%.

    So though November brought higher expectations for consumers, we still have a lot of recovering to do before the majority have a positive outlook on the U.S. economy.
  • Disclaimer

    Information in these articles is brought to you by Finance Globe. Banks, issuers, credit card, and other companies mentioned in the articles do not endorse or guarantee, and are not responsible for, the contents of the articles and is further subject to our terms and conditions.
  • Recent Headlines and Articles

    ChrisB

    The Cost of Upgrading your Company’s Technology

    As a small business owner, you likely understand the importance of technology. Some companies are ahead of the times, while others are lagging behind and looking for a way to catch up.

    If you feel that now... read more
    ChrisB October 20th, 2014, 09:53 AM
    ChrisB

    The Benefits of an Online Life Insurance Quote

    When the time comes to purchase life insurance, you have several options for starting the process.

    Some people know an insurance agent who can help them. For this reason, they contact the person... read more
    ChrisB October 16th, 2014, 10:32 AM
    ChrisB

    Is it Time to Purchase a New Computer for your Business?

    In today’s day and age, most companies, regardless of size and industry, understand the importance of taking full advantage of technology.

    The computer you are using today may not... read more
    ChrisB October 14th, 2014, 10:33 AM
    ChrisB

    What is the True Cost of that New Car?

    As you begin your search for a new car, it is easy to get drawn in by shiny paint, high tech features, and so much more. While there is sure to come a time when you focus on the sticker price of the vehicle,... read more
    ChrisB October 13th, 2014, 09:48 AM
    ChrisB

    How to Get the Best Price on Flooring

    One of the best updates you can make to your home is new flooring. This can take any room, regardless of the size and style, to the next level in terms of appearance and comfort.

    ... read more
    ChrisB October 10th, 2014, 09:37 AM
    ChrisB

    The Benefits of Buying a Smaller Home

    Bigger is better when buying a home, right? While many people still believe this to be true, there are others who have come to realize that the “small house revolution” has a lot to offer.... read more
    ChrisB October 8th, 2014, 08:15 AM
    ChrisB

    Save in Advance for Holiday Shopping

    With the holidays right around the corner, you know it will only be a matter of time before you are shopping for those perfect gifts.

    While some people wait until the last minute to start... read more
    ChrisB October 6th, 2014, 09:32 AM

 

 

 

Credit Cards | Finance Social Network | Credit Card Reviews | Markets
About Us | FG on the Web | Sitemap | Privacy | Terms | Contact


Copyright © 2014 Finance Globe. All rights reserved.