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Tag Archives: consumer confidence

Study: Consumers' distress near tops in nation

ACROSS MISSISSIPPI — CredAbility has released the CredAbility Consumer Distress Index results for the 2010 third quarter. And Mississippi consumers nearly top the index. The index, a quarterly measure that tracks the financial condition of the average U.S. household, found that the incremental improvements in consumer financial health in the first half of 2010 have been reversed due to weaker ...

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Economists nervous about employment report

WASHINGTON — Faster job growth is needed to accelerate the recovery, but economists worry the government’s July employment report won’t show strong gains. Without more jobs, Americans are likely to remain cautious with their spending, restraining the economic rebound. But without more spending, companies will likely be slow to hire. The report will be released today. “To break out of ...

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Consumer spending, personal incomes stall

WASHINGTON — The pace of consumer spending stalled in June and personal incomes failed to increase, further evidence that the economy slowed significantly in the spring. The Commerce Department say personal spending was unchanged in June, the third straight month of lackluster consumer demand. Incomes were flat as well, the weakest showing in nine months. The lack of growth for ...

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Confidence in U.S. economy falls again

NEW YORK — Americans’ confidence in the economy eroded further in July amid worries about a still-stagnant job market. The report raised concerns about the economic recovery and the back-to-school shopping season. The Conference Board, a private research group, said yesterday that its Consumer Confidence Index slipped to 50.4 in July, down from the revised 54.3 in June. Economists surveyed ...

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Survey finds consumer confidence at all-time low

ACROSS MISSISSIPPI — Consumer confidence in the future of the state’s economy has dipped to the lowest recorded level since Mississippi State University’s “Economy Watch” series began in early 2009. According to survey results from the state’s Index of Consumer Expectations, Mississippians’ perceptions of future conditions fell to 71.5 percent, a decrease of 7.1 percent from last year’s second quarter. ...

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Manufacturing activity fell in June

WASHINGTON — New evidence of a slowing economic rebound emerged yesterday in reports that manufacturing activity is slowing after helping drive the early stages of the recovery. Factory output fell in June, according to a government report on industrial production. It was the sharpest monthly drop in a year. And two regional manufacturing indexes sank this month. Production of automobiles, ...

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Consumer confidence plummeted in June

NEW YORK — Americans, worried about jobs and the sluggish economic recovery, are losing confidence, causing a widely watched index to tumble in June and raising concerns about consumer spending in the critical months ahead. The Conference Board, a private research group based in New York, said yesterday that its Consumer Confidence Index dropped almost 10 points to 52.9, down ...

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Forecasters expect car, truck sales to be down

DETROIT — When it comes to car shopping, Americans are tapping the brakes. Forecasters expect U.S. sales of cars and light trucks to slow in June after months of improvement. It’s another sign that people are beginning to doubt the economic recovery with unemployment still high. “The two big issues with consumers right now are employment growth and income growth, ...

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U.S. retail sales plummeted in May

WASHINGTON — Retail sales plunged in May by the largest amount in eight months as Americans slashed spending on everything from cars to clothing. The big drop raises new worries about the durability of the economic recovery. Spending fell 1.2 percent last month, the Commerce Department said today. Auto sales were down 1.7 percent but there was weakness in a ...

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State's consumers feeling more optimistic

STARKVILLE — Even with reports of high unemployment and increasing foreclosures, consumer confidence among Mississippians is showing improvement. During the first quarter of the year, these results came amid national news reports of Gross Domestic Product growth, rising stocks and an increase in manufacturing, said Rebecca Smith of Mississippi State’s College of Business. When compared to national statistics, “Mississippi’s confidence ...

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