Archive for consumer sentiment

Consumer Sentiment Climbs to Highest Level Since ‘07

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blame obama

How nice for my first post o' the day to be some good news. Pity it's from Fox, but hey, it's still a positive report. Via a Fox Biz email alert:

A reading on consumer sentiment from Thomson Reuters and the University of Michigan came in at 84.5 in late May, up from 83.7 earlier in the month, and besting economists’ expectations that it would hold steady. The gauge is now at its highest level since July 2007.

Could things be better? Of course they could. Is the economy still struggling? Of course it is. Is this still welcome news, regardless? Indeed it is. Do we still have a lot of work to do? Absolutely. Will Republicans continue to obstruct every constructive bit of legislation that would improve the economy? Hell yeah.

Am I asking myself questions and then answering them like a mad woman? Why yes, yes I am.

#BlameObama

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U.S. consumer sentiment picks up in November, topping expectations

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Via a Fox Biz email alert:

A reading on consumer sentiment for early November rose to 84.9 from 82.6 in October, topping expectations for a reading of 83. The reading was the highest since July 2007.

Blame Obama.

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Quickie- Economy Grows at 2% Rate

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Taegan gives us something to smile about.

The U.S. gross domestic product "grew at an annual rate of 2% in the third quarter as consumers spent more, federal-government spending accelerated and the housing industry improved," the Wall Street Journal reports.

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Consumer sentiment highest in over a year

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Do so love getting up to good news, especially when Frothy disappoints me so.

(Reuters) - Consumer confidence rebounded to its highest level in more than a year in March as optimism about jobs and income overcame higher prices at the gasoline pump, said a survey released on Friday.

The Thomson Reuters/University of Michigan's final March reading for the overall consumer sentiment index rose to 76.2, the highest since February 2011, from 75.3 in February.

(snip)

"Consumer confidence edged upward as more favorable income and job trends offset rising gas prices," survey director Richard Curtin said in a statement.

The barometer of current economic conditions ended at 86.0 in March, also the highest level since February 2011. This improved on the preliminary reading of 84.2 and February's 83.0. Analysts had predicted a reading of 84.5.

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