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"U.S. Consumer Comfort Just Reached Its Highest Level in a Decade"

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  • "U.S. Consumer Comfort Just Reached Its Highest Level in a Decade"

    U.S. Consumer Comfort Just Reached Its Highest Level in a Decade

    by Austin Weinstein
    March 9, 2017, 8:45 AM CST
    • Sentiment about U.S. economy is strongest since August 2001
    • Confidence extends beyond Republicans as independents upbeat


    Americans’ confidence continued to mount last week as the Bloomberg Consumer Comfort Index reached the highest point in a decade on more-upbeat assessments about the economy and buying climate, figures showed Thursday.

    Key Points
    • Consumer comfort index rose to 50.6 in the period ended March 5, the highest since March 2007, from 49.8
    • Measure has exceeded 50 just six times since April 2002
    • Gauge of economy advanced to 48.2, the highest since August 2001, from 46.8
    • Buying-climate measure rose to 44.5, the strongest reading since April 2002, from 43.7
    • Index of personal finances was little changed at 58.9 versus 59


    Big Picture

    Stock indexes near record highs and persistent strength in the job market have lifted the consumer comfort gauge in five of the last six weeks since the inauguration of President Donald Trump.

    [...]

    https://www.bloomberg.com/news/artic...nomic-optimism

    Watts Up With That? | The world's most viewed site on global warming and climate change.

  • #2

    Comment


    • #3
      Originally posted by Paddybhoy View Post
      Yeah not true consumer confidence didn't rise until Trump was elected knowing that taxes and regulations strangling the economy from Obama were going to be cut.

      Comment


      • #4
        Originally posted by VinceW View Post
        Yeah not true consumer confidence didn't rise until Trump was elected knowing that taxes and regulations strangling the economy from Obama were going to be cut.
        Exactly.
        Any man can hold his place when the bands play and women throw flowers; it is when the enemy presses close and metal shears through the ranks that one can acertain which are soldiers, and which are not.

        Comment


        • #5
          Obama. Spends 8 years of Presidency blaming Bush for failure.

          Spends next 4 years taking credit for any success....
          Tacitos, Satrap of Kyrene

          Comment


          • #6
            OK so this poll is OK. Question, why?
            “The time has come,” the Walrus said,
            “To talk of many things:
            Of shoes—and ships—and sealing-wax—
            Of cabbages—and kings—
            And why the sea is boiling hot—
            And whether pigs have wings.”
            ― Lewis Carroll

            Comment


            • #7
              Originally posted by Combat Engineer View Post
              OK so this poll is OK. Question, why?
              What poll?
              Flag: USA / Location: West Coast

              Prayers.

              BoRG

              http://img204.imageshack.us/img204/8757/snap1ws8.jpg

              https://www.youtube.com/watch?v=5PtsX_Z3CMU

              Comment


              • #8
                Originally posted by Salinator View Post
                What poll?
                Apparently:
                https://en.wikipedia.org/wiki/Consum..._Comfort_Index
                Bloomberg Consumer Comfort Index
                The Bloomberg Consumer Comfort Index represents a four-week rolling average based on 250 telephone interviews a week with adults nationwide, giving a sample size of 1,000 for each four-week period. The survey began in December 1985 by the polling firm Langer Research Associates and was originally known as "The ABC News Consumer Comfort Index" before Bloomberg licensed the rights in 2011.[6] The Index is based on consumers' ratings of the economy, the buying climate, and personal finances. Unlike the other indicators, it measures only current conditions with no questions about expectations.

                Comment


                • #9
                  Originally posted by VinceW View Post
                  Yeah not true consumer confidence didn't rise until Trump was elected knowing that taxes and regulations strangling the economy from Obama were going to be cut.
                  Well yes that, AND a 1000 billion investment plan by the US government,

                  why do republicans always forget that one

                  Hell they could have called me, *my* consumer confidence is up since I heard that.

                  Spend, Donald, spend !
                  Major Atticus Finch - ACW Rainbow Game.

                  Bolgios - Mercenary Game.

                  Comment


                  • #10
                    Its possible that these things just take time to work through - over here a slump in confidence was predicted post referendum and didn't appear to happen but figures just out are suggesting that it just got delayed.

                    A gloomier-than-expected picture of the retail sector emerged today, fuelling fears over the strength of the wider recovery in the first quarter of the year.
                    Retail sales volumes fell by a larger-than-expected 0.8% last month, the Office for National Statistics (ONS) said, while January's growth was downwardly revised to 0.3% from an earlier estimate of 0.9%. The City had been expecting a 0.4% decline in February.
                    Human history becomes more and more a race between education and catastrophe (H G Wells)
                    Mit der Dummheit kaempfen Goetter selbst vergebens (Friedrich von Schiller)

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                    • #11
                      Originally posted by Combat Engineer View Post
                      OK so this poll is OK. Question, why?
                      Because polls are "OK."

                      And...

                      Because all of the economic/consumer confidence and right/wrong track polls took off right after the election and most have accelerated since 20 January.
                      Watts Up With That? | The world's most viewed site on global warming and climate change.

                      Comment


                      • #12
                        • Republicans’ sentiment exceeded that of Democrats by the most since September 2013
                        • Sentiment rose in the South and Midwest; fell in the West and Northeast


                        Thanks for ending #OccupyWhiteHouse!

                        Originally posted by Paddybhoy View Post
                        Watts Up With That? | The world's most viewed site on global warming and climate change.

                        Comment


                        • #13
                          Originally posted by The Doctor View Post
                          • Republicans’ sentiment exceeded that of Democrats by the most since September 2013
                          • Sentiment rose in the South and Midwest; fell in the West and Northeast


                          Thanks for ending #OccupyWhiteHouse!

                          8 years of growth.......

                          Comment


                          • #14
                            Originally posted by Paddybhoy View Post
                            8 years of growth.......

                            None of which equaled or exceeded 3%.
                            Politics is the art of looking for trouble, finding it whether it exists or not, diagnosing it incorrectly and applying the wrong remedy. -- Ernest Benn

                            Comment


                            • #15
                              Originally posted by Tsar View Post
                              None of which equaled or exceeded 3%.
                              Considering the financial Armageddon he inherited.......

                              Comment

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