Economy Shrugging off Spring Slowdown, Reports Suggest
U.S. consumer sentiment rebounded in early May to the highest level in nearly six years as Americans felt better about their financial and economic prospects.
U.S. consumer sentiment rebounded in early May to the highest level in nearly six years as Americans felt better about their financial and economic prospects.
U.S. consumer sentiment eased in April as Americans remained concerned about their employment and financial prospects, a survey released Friday showed.
U.S. consumer sentiment tumbled to a nine-month low in April, with Americans especially gloomy about the long-term health of the economy, a survey released on Friday showed.
U.S. consumer sentiment rose in March from February, as Americans discounted the effects of government budget cuts and instead saw continued healing in the labor market.
U.S. consumer confidence picked up much more strongly than expected in February as Americans shrugged off earlier worries over fiscal policy and tax increases. The Conference Board, an industry group, said its index of consumer attitudes accelerated to 69.6 from 58.4 in January, topping expectations.
Confidence among U.S. consumers has sunk to its lowest point since July, according The University of Michigan's consumer sentiment index for December. The November figure was a five-year high.
U.S. consumer confidence rose this month to its highest level in almost five years, pushed up by steady improvement in hiring. The Conference Board says its consumer confidence index rose to 73.7 in November from 73.1 in October. Both are the best readings since February 2008.
Benchmaark crude is up 48 cents to $85.57 around noon EST; the Thomson Reuters/University of Michigan consumer sentiment index reveals that Americans feel better about the state of the world's largest economy than any point in the last five years.
Higher gas costs drove up U.S. consumer prices in September for the second straight month. Outside energy, there was little sign of inflation. The Labor Department said Tuesday that the consumer price index rose a seasonally adjusted 0.6 percent last month.
Americans boosted their spending in August even though their income barely grew. Much of the spending increase went to pay higher gas prices, which may have forced consumers to cut back elsewhere.
U.S. consumer sentiment rose to its highest level in four months in September as Americans saw better prospects for the job market and economy, a survey released on Friday showed.
Two new surveys suggest that financial optimism is on the rise. But even with the improving numbers, among average Americans, those who are upbeat about their personal finances are outnumbered by the pessimists, and we're still wary of buying stocks.
The news from the Commerce Department's Bureau of Economic Analysis was mixed Wednesday. Consumer spending rose in October, but just barely. Incomes were up a bit, but savings did too. And employment figures were just conflicted.
Too scared to spend amid today's economic uncertainty, homeowners are just saying no to remodeling. The number of homeowners who say the economy has them shying away from renovations jumped from 69% in the spring to 80% now, and remodeling contractors report their business is down 3.81% over the last 12 months.
The American consumer's financial health is showing signs of improvement, but the weak job market continues to derail the nation's economic recovery -- particularly for people in the lower income brackets, according to September's Consumer Reports Index, released on Tuesday.














