Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Market
Consumer Comfort Picks Up After Four-week Drop
NEW YORK (9/13/13)--Consumer confidence in the U.S. stabilized last week--even though Americans' views  on the economy dimmed--after declining for four consecutive weeks, according to the Bloomberg Consumer Comfort Index  (Bloomberg.com and Moody's Economy.com Sept. 12). 
 
The index climbed to -32.1 for the week ended Sept. 8, from -32.3 the previous week. 
 
Although households' assessment of the economy was the lowest since mid-May, another component of the index, which is a gauge of whether this is a good time to make purchases, improved for the first time in the past five weeks, Bloomberg said.
 
However, the improved view of the buying climate was mostly mitigated by negative views about personal finances, Moody's said.
 
Americans remain wary of the job creation pace and wage gains, said Joseph Brusuelas, a senior economist at Bloomberg LP in New York. Therefore, they are looking for a long-awaited pickup in growth during the second half of the year.
 
In the meantime, consumers have taken on a "wait-and-see attitude," he concluded.
Other Resources

CUNA National Economic Data
RSS





print
News Now LiveWire
Consumers depending heavily on financing for new autos: 84% look for loans says @Experian http://t.co/iV93NSdp0x
5 hours ago
Consumer credit ticks up slightly in Jan http://t.co/nAmR7fyGLi
7 hours ago
RT @cumagazine: Make a good impression during your #CUNAGAC Hill visits: 8 tips http://t.co/C4gtRbQG2s
8 hours ago
Taking a walkthrough before #CUNAGAC starts this weekend. http://t.co/k9hktHjm9b
9 hours ago
There will be lots of social media action at 2015 #CUNAGAC that starts in D.C. this Sunday. http://t.co/vyP4XbtFbk
9 hours ago