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A preliminary report on consumer confidence is expected to hold steady in October compared with September, though the mood is still gloomy heading into the critical holiday season.
Americans' moods, already the gloomiest in decades, are expected to darken more this month according to forecasts for the Conference Board report on consumer sentiment in February. The report coming out this morning is expected to show Americans are growing more pessimistic amid rising layoffs, falling home prices and hard-hit retirement accounts.
This is one recession Americans aren't going to spend their way out of.
Consumer confidence in Britain rose slightly in December as Britons were encouraged by falling gas prices, lower interest rates and the government's decision to reduce the national sales tax.
Consumer confidence rose in November amid receding gas prices, but Americans' views on the economy remain the gloomiest in decades as they grapple with massive layoffs, slumping home prices and dwindling retirement funds.
There's no truly comprehensive way to accurately gauge consumers' collective whims in a nation of more than 300 million people. But the Conference Board's Consumer Confidence Survey may be the best tool we've got.
Americans became more optimistic in the economy amid declining gas prices in August, marking the biggest jump in two years.
Soaring gas prices and weakening job prospects left shoppers gloomier about the economy in May, sending a key barometer of consumer sentiment to its lowest level in almost 16 years.
Americans' confidence in the economy fell to a new low, dragged down by worries about mounting job losses, record-high home foreclosures and zooming energy prices.
Confidence in the economy dropped to a new low as worries about a possible recession, persistent problems in the housing and credit markets and lofty energy prices put people in a more gloomy mind-set.
Consumer confidence plunged in February as Americans worried about less-favorable business conditions and job prospects, a business-backed research group said Tuesday.
People's confidence in the economy sank even lower amid heightened fears about shrinking job opportunities and the possibility the country is falling into recession.
Consumer confidence fell to an all-time low as worries about jobs, energy bills and home foreclosures darkened people's feelings about the country's economic health and their own financial well-being.
The nation's consumers grew slightly more confident in December despite underlying concerns about the health of the U.S. economy.
Consumer confidence barely budged from a two-year low as housing troubles, a credit crunch, high energy prices and turbulence on Wall Street continue to make people uneasy about the economy and their own financial situations.
Consumer confidence plunged in early November to the lowest level since Hurricane Katrina battered the Gulf Coast and sent oil prices soaring in 2005.
Confidence in the economy revived as the Federal Reserve's bold interest-rate cut and less turmoil on Wall Street made people feel better about the country's prospects of surviving a painful credit crunch and housing slump.
Consumer confidence was essentially stuck in a rut as worries about whether gasoline prices will move higher made people feel anxious about the economy's prospects and their own financial positions.
Consumer confidence climbed to a 2 1/2-year high with people feeling even better about job prospects, the current economic climate and investment opportunities.
Consumer confidence in the economy's prospects improved in early April even as gasoline prices and borrowing costs marched higher.
Consumer confidence dip is bad holiday omenA key measure of consumer confidence fell in September, after a gain in the previous month, raising concerns about retail sales in the upcoming holiday season, a research group said Tuesday.
Regaining Trust: Big Companies Hire Marketing FirmsAmerican Express will have the most difficult time regaining consumer trust. This company has repeatedly buried their nose in the sand and turned a deaf ear to the complaints.
Three indicators suggest the answer may be yes. First, orders for durable goods jumped 4.5 percent from June to July, the largest gain in two years.
Whether or not you (or someone in your household) has been cut by their employer, you have felt the pinch in some way. Including (and hopefully for your sake) an increase in saving while decreasing your spending.
Consumer confidence falls in JulyA private research group says Americans' mood darkened in July as worries about job security offset any enthusiasm about the stock-market rally that has helped bolster retirement accounts.
U.S. Consumer Confidence Falls More Than Forecast Confidence among U.S. consumers fell more than forecast in July, reflecting a surge in unemployment that threatens to undermine household spending.
Consumer Confidence Soars In MayEven with unemployment still rising and home prices still slumping, Americans are getting their confidence back in the economy.
Consumer Confidence Bounces BackThe Consumer Confidence Index, which increased slightly in March, jumped from 26.9 to 39.2 in April.
Consumer confidence boosts Wall StUS stocks pared losses during Tuesday morning as fears over capital positions at Citigroup and Bank of America were mitigated by an unexpectedly sharp rise in consumer confidence.
Billions for AIG to Protect the Speculative Profits of Goldman Sachs/Morgan Stanley"This, as Goldman Sachs and Morgan Stanley are being covered 100 cents on the dollar on their speculative positions of intrinsically flawed CDS derivatives on which they gorged themselves to the bursting point.
Americans Reported Spending Down 40% From Last YearAccording to Gallup Poll Daily tracking, Americans, on average, spent $61 per day in stores, restaurants, gas stations, or online in the 14-day period ending Feb. 11. Spending is down 40% from the $102 average for the same two-week period a year ago.
Obama Economic Stimulus Offers Too Much Waste, Not Enough Job Creation - US News and World ReportThe president is half right. We cannot do nothing. We face the most serious threat since 1929, and only the state has the means to do something and do it quickly. Where he is half wrong is in the nature of the something: The stimulus package is misbegotten.
Suing American Express- Here is how to do it, Robert Paisola ReportsI can't gauge the effectiveness of this, but the address information is correct. The individual's names might have changed, but it is worth a try if you have exhausted all efforts...
Unemployment continues to grow across the globe, with no countries remains unaffected by the global recession. In the Unites States the unemployment rate reached 7.2 per cent in December, its highest level since 1992.
Hundreds Should Go to JailUntil there are new regulations in finance, there will be no rebound in investor or consumer confidence. Until the rules for the TARP plan restrict banks from paying bonuses during the deepest recession in decades, taxpayers will not stop getting angry.
10 Things That People Are Still BuyingFrom Wal-Mart to Saks Fifth Avenue, retailers are so desperate to rid themselves of inventory that they're marking down some merchandise by 90%.
Consumer confidence hits another low The research firm, which has been tracking consumer confidence for more than four decades, says its consumer confidence index fell to 38 in December, from 44.7 in November. The December rating dropped below the record-low 38.8 index reading in October. The current situation ind …
Year-end data shows deeper slump in USData released Tuesday on US consumer confidence, home prices and holiday retail sales all point to an acceleration and deepening of what is broadly acknowledged to be the worst recession since the Great Depression of the 1930s.
The Year of Living Gloomily (A relentless news cycle is making it worse.)If the FDA regulated the media, it would require all stories about the economy to carry this warning: "Dizziness and pangs of existential angst may result. Do not read if you suffer from gloominess or are prone to bouts of anxiety.
Better than a bailout DURING last week's battle over a federal rescue for Detroit's automakers - after a deal had passed the House but before it collapsed in the Senate - the Gallup Organization summarized its latest findings: "Bailouts Aren't Increasing Consumer Confidence." To put it mildly.
Let's Have Another Cup of CoffeeSTROLLING through the Pentagon City Costco last week, I could feel my consumer confidence draining away. Even the bargains at Linens 'n Things around the corner, which is going out of business, didn't tempt me.
In Japan, $850 Christmas chicken defies recessionWant to splurge this holiday season? Despite a looming recession, a department store in Japan is selling roasted chickens stuffed with black truffles, foie gras, white sausage and chestnuts for 84,000 yen ($847) apiece.
In Japan, $850 Christmas chicken defies recessionWant to splurge this holiday season? Despite a looming recession, a department store in Japan is selling roasted chickens stuffed with black truffles, foie gras, white sausage and chestnuts for 84,000 yen ($847) apiece.
Global Fears of a Recession Grow Stronger - NYTimes.com"WASHINGTON — When the White House brought out its $700 billion rescue plan two weeks ago, its sheer size was meant to soothe the global financial system, restoring trust and confidence. Three days after the plan was approved, it looks like a pebble tossed into a churning sea.
Recession Hits The Service Industry: Restaurant Chains Close as Diners Reduce SpendingSeveral national restaurant chains were shuttered on Tuesday, possibly offering an early taste of what's in store this year for businesses that depend on free-spending consumers whose budgets are now being squeezed.
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