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 confidence ticks up
NEW YORK (2/14/14)--Although dismal weather seems to abound, there is a sunnier picture being painted of consumer confidence, according to the most recent Bloomberg Consumer Comfort Index (CCI).

Bloomberg reported Thursday that for the first time in five weeks, Americans are feeling a bit more upbeat about the nation's economy.  In fact, CCI increased to minus 30.7 in the week ended Feb. 9, up a good bit from minus 33.1 the prior period. Also of note is that one measure of the state of the economy jumped to the highest level it's been since September.

So what's behind the boost in outlook?  Bloomberg posits that for high-income earners it was likely last week's rebound in stock prices. For others it may have been reports of faster job creation, which comes hand in hand with stronger wage growth.  That in turn boosts consumer spending, which Bloomberg notes accounts for 70% of the economy.


RSS





print
News Now LiveWire
.@NACHAOnline report: ACH volume increases to 23B payments in 2014 http://t.co/va2WYMh4Zv
2 hours ago
.@CUNA's @HampelBill in @washingtonpost on options for wary mortgage borrowers: http://t.co/CPSgTNgwmm
7 hours ago
Housing starts thaw, mortgage rates stand pat #Market #NewsNow http://t.co/hhPj5v5AH3
7 hours ago
.@CUNA files #RBC2 comment, urges #CU system to be heard #NewsNow http://t.co/yfoZHAMlZc
8 hours ago
#NewsNow Youth Month attracts 100,000th member for Mich. CU http://t.co/cgF5o83XlK
8 hours ago