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
.@CreditYOUnion captures voices of #100MM loud, proud at @GAUnitedCU See #NewsNow Thursday for more
12 hours ago
Ill. @GovernorQuinn signs patent troll law http://t.co/ugWf8zHpCm via @CrainsChicago
13 hours ago
.@MBAMortgage : Mortgage apps increased 2.8% from one week earlier for week ending Aug. 22.
14 hours ago
Franchise businesses may face higher breach risk with POS systems HT @briankrebs http://t.co/LGE46DUk15
14 hours ago
About 1 in 3 consumers use plastsic for in-person purchases of less than $5, according to @CreditCardsCom survey.
16 hours ago