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U.S. consumer confidence drops sharply in January
US consumer confidence dove sharply for the second straight month in January, the Conference Board said Tuesday, with rising taxes cited as a likely reason for the surge in gloom. The board’s consumer confidence index sank to 58.6 in January from 66.7 in December, far below the 2012 peak of…
Consumer confidence falls sharply in December
US consumer confidence fell sharply in December to the lowest level since August amid uncertainty about the “fiscal cliff” crisis, the Conference Board said Thursday. The monthly survey said the consumer confidence index dipped to 65.1, a drop from a downwardly revised 71.5 in November. The previously released figure for…
U.S. consumer confidence rebounds in September
US consumer confidence rebounded sharply this month after a plunge in August, the Conference Board said Tuesday in its monthly survey release. The board’s consumer confidence index hit its highest level since February, rising to 70.3 from 61.3 in August.…
U.S. consumer confidence plunges in August
US consumer confidence plunged in August to its lowest level in nine months, reflecting rising concerns over business and job prospects across the country, the Conference Board said Tuesday. The board’s consumer confidence index dropped to 60.6 from 65.4 in July, though still well above the 45.2 index level of…
Americans more pessimistic about economy in May
Americans became slightly more pessimistic about the economy in May, a survey showed Tuesday, with consumers saying their opinion of the current situation and expectations of the future had weakened. The Conference Board said its consumer confidence index declined from 68.7 in April to 64.9 in May. “Consumers were less…
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