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 Sentiment Drops Slightly In August
ANN ARBOR, Mich. (9/3/13)--U.S. consumer confidence fell in August from a six-year high amid rising interest rates and escalating tensions in the Middle East (Bloomberg.com and Moody's Economy.com Aug. 30).   
 
The Thomson Reuters/University of Michigan Consumer Confidence Index declined to 82.1--a four-month low--from 85.1 in July, which was the highest level since July 2007.
 
Higher mortgage interest rates could stymie growth in the housing market, and political upheaval in Egypt and the specter of possible U.S. military intervention in Syria is creating the prospect of more expensive fuel prices, Bloomberg said.
 
However, rising home values could increase personal wealth and help mitigate the decline in consumer confidence, Bloomberg added.
 
In a related matter, the Bloomberg Consumer Comfort Index dropped to -31.7 for the week ended Aug. 25--the lowest reading since April 7. It was -38.8 the previous week (Bloomberg.com and Moody's Economy.com Aug. 29).
 
The measure has declined 8.2 points since reaching a more-than five-year high three weeks ago.
Other Resources

CUNA National Economic Data
RSS





print
News Now LiveWire
.@LACULeague in @DailyComet: #creditunions' "old" benefits attractive to new generation http://t.co/AzOv3nB7IB
3 minutes ago
At @FTC request, court halts operations of an alleged debt-relief scammer calling itself “FTC Credit Solutions.” http://t.co/qMsDBmKExH
5 hours ago
.@daytondailynews : The secret is out about #creditunions http://t.co/Aqu3pFTROV @DayAirCU @CODECreditUnion
5 hours ago
.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
7 hours ago
.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
7 hours ago