Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Market
Consumer Comfort Picks Up After Four-week Drop
NEW YORK (9/13/13)--Consumer confidence in the U.S. stabilized last week--even though Americans' views  on the economy dimmed--after declining for four consecutive weeks, according to the Bloomberg Consumer Comfort Index  (Bloomberg.com and Moody's Economy.com Sept. 12). 
 
The index climbed to -32.1 for the week ended Sept. 8, from -32.3 the previous week. 
 
Although households' assessment of the economy was the lowest since mid-May, another component of the index, which is a gauge of whether this is a good time to make purchases, improved for the first time in the past five weeks, Bloomberg said.
 
However, the improved view of the buying climate was mostly mitigated by negative views about personal finances, Moody's said.
 
Americans remain wary of the job creation pace and wage gains, said Joseph Brusuelas, a senior economist at Bloomberg LP in New York. Therefore, they are looking for a long-awaited pickup in growth during the second half of the year.
 
In the meantime, consumers have taken on a "wait-and-see attitude," he concluded.
Other Resources

CUNA National Economic Data
RSS print
News Now LiveWire
.@BelvoirFederal revamped the checking acct. it offers to active duty military members and achieved 23% growth on the product in 1 mo.
16 hours ago
.@FinancialCmte markup of Reg D Study Act set for Tuesday. CUNA will submit support letter. http://t.co/cDWkZ0Q0x1
20 hours ago
The 54th Western CUNA Management School graduated 89 students on July 25.
21 hours ago
.@CUNA Bank Secrecy Act training to reach 38 Mich. state examiners #NewsNow http://t.co/7HDPgwih8G
22 hours ago
St. Louis treasurer taps #creditunion to serve unbanked #NewsNow http://t.co/lWtcezJOej
7 25 ago