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Consumer confidence

Consumers’ confidence, spending less buoyant than their job prospects

by Mitchell Hartman
Oct 1, 2021
Inflation is eating away at incomes while the delta variant is discouraging consumers from going out and spending.
After accounting for inflation, the August consumer spending and income statistics were unimpressive.
Drew Angerer via Getty Images
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Jobless claims are upbeat, but consumer confidence is still a wild card

by Amanda Peacher
Sep 2, 2021
The delta variant is causing some consumer pullback, and the expiration of pandemic unemployment benefits on Sept. 5 could play a role in spending.
Consumer spending accounts for 70% of the economy.
Spencer Platt/Getty Images
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For consumers, gloomy times may translate to less spending

by Mitchell Hartman
Aug 31, 2021
But as long as people are holding onto their jobs, they'll still have money to buy.
The Consumer Confidence Index helps provide a picture of how people feel about the economy.
Kevin Hagen/Getty Images
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COVID-19

Consumer sentiment plummeted in early August, driven by surge of delta variant

by Mitchell Hartman
Aug 13, 2021
The University of Michigan's consumer sentiment index shows the rise of the delta variant this summer has curbed spending.
An empty New York restaurant in May 2020. A resurgence of COVID cases is weighing on consumers' moods, especially among the vaccinated.
Spencer Platt via Getty Images
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How are consumers feeling about the economy?

by Mitchell Hartman
Jul 30, 2021
There have been signs of robust economic growth, but consumer concerns are rising ... along with the surge of the Delta variant of COVID-19.
Some economists worry that the latest COVID-19 delta variant surge will make shoppers pull back again.
Angela Weiss/AFP via Getty Images
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COVID-19

Some signs point to falling consumer confidence as delta rises

by Marielle Segarra
Jul 26, 2021
Later this week we will learn how much consumers spent in June, and on what. But that might not be the best picture of what's going on now.
People walk through a shopping district in Brooklyn, New York. Recent surveys show a decline in consumer sentiment and concern about returning to offices and public spaces.
Spencer Platt via Getty Images
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COVID-19

NABE forecasters predict strong economic growth, ongoing recovery in 2021

by Mitchell Hartman
May 24, 2021
The economists say they expect employment to recover and that recent price spikes for some consumer goods should moderate.
The economists surveyed also expect increases in inflation to be short-lived.
Spencer Platt/Getty Images
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COVID-19

Consumer confidence surges on relief payments

by Mitchell Hartman
Mar 22, 2021
Morning Consult finds the American Rescue Plan boosted consumer confidence, with low- to middle-income Americans buoyed the most.
Optimism has increased since President Joe Biden signed the American Rescue Plan, which will likely lead to increased spending.
Samuel Corum/Getty Images
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The steel market is hot, but it won't last forever

by Kai Ryssdal and Sean McHenry
Mar 16, 2021
Delaware Steel President Lisa Goldenberg talks soaring steel prices and the possibility of a Biden infrastructure bill.
"Suppliers are making steel as fast as they can," Lisa Goldenberg says. Lead times are the "longest they've been in probably 15 years."
Scott Olson/Getty Images
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Consumer confidence shows wide partisan divide

by Mitchell Hartman
Feb 4, 2021
Republicans are bumming and Democrats are buoyant after the Biden inauguration, according to Morning Consult, a reverse of the Trump years.
Political victory or defeat can translate into economic hope or despair.
Kena Betancur/AFP via Getty Images
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