Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Market
Consumer Comfort In U.S. Recedes From Peak
NEW YORK (8/16/13)--With Americans' outlooks on the economy, personal finances and spending on the retreat, U.S. consumer confidence receded last week from its highest level in more than five years, according to the Bloomberg Consumer Comfort Index (Bloomberg.com and Moody's Economy.com Aug. 15).
 
The index dropped to -26.6 for the week ended Aug. 11--its first decline in four weeks--from the prior week.
 
Nonetheless, last week's reading was the second-strongest since January 2008--behind the previous week's -23.5, Bloomberg said.
 
The decrease shows consumer confidence still is tenuous and could be negatively impacted by rising fuel costs and interest rates, Bloomberg said.   
 
However, at the same time, escalating stock prices and property values are enhancing consumers' personal wealth, lifting their spending, which constitutes 70% of the U.S. economy, Bloomberg said.
Other Resources

CUNA National Economic Data
RSS print
News Now LiveWire
Learn how to stay competitive with new research blog from @CUNA's econ/statistics dept in Wed's #NewsNow
12 hours ago
#FOMC meeting watch: Change in forward guidance expected #Market #NewsNow http://t.co/PH41VN1j9l
14 hours ago
Member growth at #creditunion continues despite mill closure #NewsNow http://t.co/rNRjLBjvX9
16 hours ago
CA/NV league pres/CEO Dykstra in @sacbee_news: Retailers should hold accountability in data breaches http://t.co/odyHd9N2OG
17 hours ago
Fin. lit. ideas percolate during .@NW_Banking #tweetchat #NewsNow http://t.co/nSS9Iiw0e0
17 hours ago