Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

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
CUNA: CUNA offices closed through Friday, News Now returns Monday http://t.co/a5xbLzQKDj
1 Day ago
Reminder: @CUNA's Madison, D.C. offices will be closed through Friday, open again on Monday. #NewsNow will publish Monday.
10 hours ago
MI dentist to match @CUDirect's $20K to @HurleyMedical as a result of #20for20 online voting http://t.co/hqmIc9LpK1 @CMNHospitals
11 hours ago
New #creditunion chartered in St. Louis - #LutheranFCU - by @TheNCUA http://t.co/faPfANGS0P. Only 3rd new FCU charter this year.
12 hours ago
Don't get hacked during the holidays-use these tips from @CUNA http://t.co/jEqxni6NhO #StoptheDataBreaches http://t.co/woIxPOIyys
12 hours ago