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Americans’ confidence falls off in August

Americans are feeling worse about the economy than they have in a long time. Despite an improving U.S. job and housing markets, consumer confidence fell to the lowest level it’s been since November 2011. The New York-based Conference Board says Tuesday that its Consumer Confidence Index fell to 60.6, down from a revised 65.4 in… Continue Reading Americans’ confidence falls off in August

Americans’ confidence in the economy in November bounced back to its highest level since July, the latest sign that consumers are beginning to feel more cheerful about spending during the holiday shopping season. The Conference Board, a private research firm, says Tuesday that its Consumer Confidence Index rose 15 points to 56.0. That’s up from… Continue Reading Americans in November more confident about economy

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Consumer confidence lowest in 2 years

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Consumers’ confidence in August dropped almost 15 points to the lowest level since April 2009 as worries about the economy fueled the wildest stock market swings since the financial meltdown in 2008. At a time when Americans are growing increasing worried about a weak job market, higher costs for food and clothing and recent stock… Continue Reading Consumer confidence lowest in 2 years

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Consumer confidence hits 5-month high

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Americans’ confidence in the economy rose to a five-month high in November amid more hopeful signs. The report offered some comfort to the nation’s retailers during the holiday shopping season, but shoppers still remain downbeat as they grapple with a high unemployment rate. Moreover, the latest report on housing, released Tuesday, showed that home prices… Continue Reading Consumer confidence hits 5-month high

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Americans’ confidence in the economy stayed stuck in gloomy territory in October, with Wall Street’s gains in recent months not boosting spirits much. Coaxing shoppers out of their shells will be the major challenge for retailers heading into the holiday season. That could mean they’ll be continuing to push big discounts. The confidence report, released… Continue Reading Consumer confidence rises only slightly in October

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Consumer confidence tumbles in June

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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 Tuesday that its Consumer Confidence Index dropped almost 10 points to… Continue Reading Consumer confidence tumbles in June

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Consumer spending was stagnant in April while incomes posted a tiny advance, signs that the economic recovery could slow. The flat spending level was the weakest showing in seven months, according to the Commerce Department report. Personal incomes rose 0.4 percent, in line with expectations but not fast enough to help generate real growth. More… Continue Reading Consumer spending posts weak April reading

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Consumer confidence rises to 57.9 in April

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Americans’ confidence in the economy rose in April to its highest level since September 2008, just as the financial crisis escalated, according to a private research group. The upbeat reading, combined with bullish earnings reports this week from companies ranging from Whirlpool Corp. to UPS Inc., offers more hope the economic rebound is gathering steam.… Continue Reading Consumer confidence rises to 57.9 in April

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Shoppers stop shy of the drop

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Discreet is the new chic. After the stock market shocks of last year, consumers and investors were desperate to curb spending. Americans started hoarding money, foregoing what were once considered necessities. However, as the stock market shows signs of recovery, people are investing again, and even buying things other than bare necessities, such as new cars… Continue Reading Shoppers stop shy of the drop

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Consumer confidence falls further in July

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NEW YORK (A.P) — Americans’ confidence in the economy soured further in July as worries about job security offset any enthusiasm about the resumed stock market rally that has helped bolster retirement accounts. The New York-based Conference Board said today that its Consumer Confidence Index, which retreated last month, fell to 46.6, down from 49.3… Continue Reading Consumer confidence falls further in July

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