U.S. Consumer Confidence Improves

January 25th, 2011
in Background

depression Econintersect:  The Conference Board announced the latest Consumer Confidence Index stands at 60.6, stronger than anticipated.  This is a level not seen since May 2010.  Expectations had ranged from 50 to 57.3, according to Bloomberg.

Follow up:

Analyst Doug Short (dshort.com) has pointed out at GEI Analysis that, even though improved, consumer sentiment remains at levels associated with the bottoms of previous recessions even though officially The Great Recession has been over for more than 1 1/2 years.

Bloomberg indicates that a poor housing market and a bad employment situation, the Federal Reserve is not likely to react to the improved sentiment numbers by reducing stimulus.  A Fed announcement is scheduled for tomorrow. 

Sources:  GEI Analysis and Bloomberg

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.

 navigate econintersect.com


Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved