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 wanes, slows spending
WASHINGTON (3/31/14)--Consumer confidence shriveled a bit this month as the University of Michigan index of consumer sentiment fell 1.6 points to 80, just as analysts had expected for March (Moody's March 28).

The reading is the lowest since November.

Persistent wintry weather, concern over turmoil overseas, patchy job growth and rising gas prices all may have contributed to the dour mood (MarketWatch March 28).

Economists look to consumer confidence--or sentiment--to gauge the direction of consumer spending, the force that largely drives the economy.

Meanwhile, the economic expectations subcomponent fell 2.7 points, also the lowest reading since November. Buyers expect prices to rise 3.2% over the next 12 months, the same line of thinking as in February. Shoppers also project inflation to rise 2.9% on average over the next five years.

However, despite more of the same cool economic numbers reported of late, analysts still believe the data will rebound in the coming months as the weather warms.

Buyers should have their faith restored in the recovery, according to Moody's, as news of an improving economy rolls in.


RSS





print
News Now LiveWire
eCommerce sites at risk of hacking as well http://t.co/q7ANQPfx2g
39 minutes ago
As of Friday pm,#CUs, state CU leagues, CUNA & others had sent 1,654 comment letters on the @TheNCUA 's #RBC2015 plan http://t.co/1SKDxE1D5S
1 hour ago
#DDoS attacks can expose weaknesses that cybercriminals can exploit. http://t.co/8HGmDuCV9j
1 hour ago
.@voxdotcom asks: is 2015 the year Congress takes action on patent trolls? http://t.co/4vQ49fVP0W
1 hour ago
Class is in session for Fin. Lit. Day on #capitolhill #NewsNow http://t.co/LuslMaSPlq
1 hour ago