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
Consumers most optimistic since July, survey finds
WASHINGTON (4/14/14)--As perhaps another indication that winter's grip on the economy is loosening, consumer sentiment climbed by 2.6 points in April to 82.6, the highest reading since July, according to the University of Michigan Consumer Sentiment Index ( Economy.com April 11).

In addition to improving weather conditions, encouraging numbers in the labor market also may be fueling a rosier perception of the economy in the months to come.

Buyers felt more optimistic about their current financial situations, with the subindex gaining 1.4 points to 97.1 in April, the highest reading since the end of last year.

The economic outlook subcomponent that tracks shopper sentiment also picked up more than three points, rising to 73.3, which is the highest level seen since August.

"In general, confidence continues to hold up fairly well," said Jim O'Sullivan, chief U.S. economist at High Frequency Economics ( MarketWatch April 11). "While not especially strong, the resilience in confidence was one of the reasons we did not believe the sharp slowing in many growth indicators at the start of the year reflected fundamental deterioration."

Consumers also see prices climbing 3.1% over the next 12 months, the survey found, a decrease from March's reading of a 3.2% increase. They also believe prices will increase an average of 3% per year for the next five years, which sits a bit higher than the 2.9% consumers projected in March, according to Moody's.


RSS





print
News Now LiveWire
#creditunion #tax-help programs ready for new Affordable Care Act questions http://t.co/3tOzFzXEk5
4 minutes ago
~90% of 2014's data breaches were preventable says @otalliance See #NewsNow http://t.co/wq4WkLbNpX
28 minutes ago
What role are #creditunions playing in @gatesfoundation's 2030 vision of financial services? Read #NewsNow Monday
15 hours ago
Consumers fear inaccurate info lingers on credit reports, says @FTC study Read @CUNA's News Now: http://t.co/RzNLMnaROO
17 hours ago
@PCUA has formed a @LinkedIn networking group for former bankers turned #creditunion employees.
17 hours ago