Lynn Franco
Lynn Franco
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Consumers' upbeat mood about current business and labor conditions underscores the economy's continuing recovery, but the latest retreat in expectations suggest that the pace of economic growth will not accelerate in the months ahead,
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Growing optimism about the overall health of the economy continues to bolster consumers' short-term outlook. But consumers' assessment of current conditions, which strongly hinges on improvements in the labor market, remains both weak and volatile.
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CEO confidence has slipped considerably over the past two quarters, as both current conditions and expectations have softened,
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Barring an unforeseen shock, we would expect consumer confidence to continue to hover around current levels, indicating continued economic growth.
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While the purchasing intentions of consumers have not changed and remain quite upbeat, it remains to be seen whether these current attitudes translate into actual purchases.
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Consumers continue to rate current conditions quite positively, but they're still tentative about the outlook.
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Consumer confidence readings continue to indicate a strong overall economy. Consumers are not only optimistic about current conditions, but their expectations for the next six months signal continued low unemployment and minimal inflationary pressures.
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The lack of improvement in labor market conditions continues to dampen consumers' spirits, ... Despite September's retreat, consumers remain cautiously optimistic about the outlook for the next six months. Consumer spending is likely to continue at or near current levels.
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The shock of the hurricanes and subsequent leap in gas prices has begun wearing off just in time for the holiday season.
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The sharp drop in short-term expectations in January is more likely due to international circumstances than domestic instabilities,
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The sluggish economy, declining consumer confidence, widespread layoffs and the tragic events of Sept. 11 appear likely to hold down holiday spending as we head into the final five weeks of the year, ... But retail outlets offering the price-conscious consumer a good buy may fare better than projected.
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The resiliency of the economy, recent declines in prices at the pump and job growth have consumers feeling more confident at year-end than they felt at the start of 2005.
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The swift outcome in the Middle East has helped quell consumers' short-term concerns. While an increase of this magnitude occurred after the Persian Gulf War in 1991, this post-war surge differs in that both components of the index posted gains.
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The tight labor market and continue optimism about jobs is clearly keeping consumer spirits high.