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April 26, 2013

Consumer confidence dropped in April to a three-month low amid discouraging economic indicators, according to the Thomson Reuters/University of Michigan Survey of Consumers.

New York -- Consumer confidence dropped in April to a three-month low amid discouraging economic indicators, according to the Thomson Reuters/University of Michigan Survey of Consumers.  

The index fell 2.8% in April to 76.4 from 78.6 a month earlier. The median projection in a Bloomberg survey was 73.5 after a preliminary April reading of 72.3.

The Michigan survey’s current conditions index, which measures Americans’ view of their personal finances, fell to 89.9 in April from 90.7 last month.

January 18, 2013

Consumer confidence fell in January to a one-year low, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.

New York -- Consumer confidence fell in January to a one-year low, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.

The month’s preliminary index fell to 71.3, the lowest since December 2011, from 72.9 in December. Economists had forecast the index would rise to 75, Bloomberg News reported.

 

January 18, 2013

Consumer confidence fell in January to a one-year low, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.

New York -- Consumer confidence fell in January to a one-year low, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.

The month’s preliminary index fell to 71.3, the lowest since December 2011, from 72.9 in December. Economists had forecast the index would rise to 75, Bloomberg News reported.

 

January 18, 2013

Consumer confidence fell in January to a one-year low, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.

New York -- Consumer confidence fell in January to a one-year low, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.

The month’s preliminary index fell to 71.3, the lowest since December 2011, from 72.9 in December. Economists had forecast the index would rise to 75, Bloomberg News reported.

 

October 29, 2012

According to Thomson Reuters/University of Michigan, the Michigan Consumer Sentiment Index rose to 82.6 in October, the highest level since September 2007.

Detroit -- According to Thomson Reuters/University of Michigan on Monday, the Michigan Consumer Sentiment Index rose to 82.6 in October, the highest level since September 2007.

Economists polled by Bloomberg projected 83 for the measure after a preliminary October reading of 83.1.

The Michigan index of consumer expectations six months from now, which more closely projects the direction of consumer spending, rose to 79 from 73.5 in September. The gauge of current conditions climbed to 88.1 from 85.7 a month ago.

 

October 29, 2012

According to Thomson Reuters/University of Michigan, the Michigan Consumer Sentiment Index rose to 82.6 in October, the highest level since September 2007.

Detroit -- According to Thomson Reuters/University of Michigan on Monday, the Michigan Consumer Sentiment Index rose to 82.6 in October, the highest level since September 2007.

Economists polled by Bloomberg projected 83 for the measure after a preliminary October reading of 83.1.

The Michigan index of consumer expectations six months from now, which more closely projects the direction of consumer spending, rose to 79 from 73.5 in September. The gauge of current conditions climbed to 88.1 from 85.7 a month ago.

 

October 29, 2012

According to Thomson Reuters/University of Michigan, the Michigan Consumer Sentiment Index rose to 82.6 in October, the highest level since September 2007.

Detroit -- According to Thomson Reuters/University of Michigan on Monday, the Michigan Consumer Sentiment Index rose to 82.6 in October, the highest level since September 2007.

Economists polled by Bloomberg projected 83 for the measure after a preliminary October reading of 83.1.

The Michigan index of consumer expectations six months from now, which more closely projects the direction of consumer spending, rose to 79 from 73.5 in September. The gauge of current conditions climbed to 88.1 from 85.7 a month ago.

 

September 4, 2012

The Thomson Reuters/University of Michigan consumer sentiment index climbed to a better-than-expected 74.3, compared to 72.3 in July and representing a three-month high.

New York -- The Thomson Reuters/University of Michigan consumer sentiment index climbed to a better-than-expected 74.3, compared to 72.3 in July and representing a three-month high.

Aggressive retail discounting and record-low interest rates boosted the results, but unemployment remains a big concern. 

“Confidence is lackluster,” Jim O’Sullivan, chief U.S. economist for High Frequency Economics Ltd., told Bloomberg. “It typifies the economy right now. It’s not strong, but not collapsing either.”

September 4, 2012

The Thomson Reuters/University of Michigan consumer sentiment index climbed to a better-than-expected 74.3, compared to 72.3 in July and representing a three-month high.

New York -- The Thomson Reuters/University of Michigan consumer sentiment index climbed to a better-than-expected 74.3, compared to 72.3 in July and representing a three-month high.

Aggressive retail discounting and record-low interest rates boosted the results, but unemployment remains a big concern. 

“Confidence is lackluster,” Jim O’Sullivan, chief U.S. economist for High Frequency Economics Ltd., told Bloomberg. “It typifies the economy right now. It’s not strong, but not collapsing either.”

May 29, 2012

Consumer confidence in May rose to the highest level since October 2007, according to the Thomson Reuters/University of Michigan final index of consumer sentiment.

New York -- Consumer confidence in May rose to the highest level since October 2007, according to the Thomson Reuters/University of Michigan final index of consumer sentiment. The index rose increased to 79.3 from 76.4 the prior month. 

Industry analysts said a decline in gas prices and an improving housing market is helping offset slower job growth and volatile stock prices.

Estimates for the confidence measure ranged from 76 to 79, according to a Bloomberg survey of 60 economists.
 

May 29, 2012

Consumer confidence in May rose to the highest level since October 2007, according to the Thomson Reuters/University of Michigan final index of consumer sentiment.

New York -- Consumer confidence in May rose to the highest level since October 2007, according to the Thomson Reuters/University of Michigan final index of consumer sentiment. The index rose increased to 79.3 from 76.4 the prior month. 

Industry analysts said a decline in gas prices and an improving housing market is helping offset slower job growth and volatile stock prices.

Estimates for the confidence measure ranged from 76 to 79, according to a Bloomberg survey of 60 economists.
 

May 29, 2012

Consumer confidence in May rose to the highest level since October 2007, according to the Thomson Reuters/University of Michigan final index of consumer sentiment.

New York -- Consumer confidence in May rose to the highest level since October 2007, according to the Thomson Reuters/University of Michigan final index of consumer sentiment. The index rose increased to 79.3 from 76.4 the prior month. 

Industry analysts said a decline in gas prices and an improving housing market is helping offset slower job growth and volatile stock prices.

Estimates for the confidence measure ranged from 76 to 79, according to a Bloomberg survey of 60 economists.
 

December 22, 2011

U.S. consumer confidence rose more than forecast in December, to a six-month high, amid declining unemployment and lower gas prices.

NEW YORK — U.S. consumer confidence rose more than forecast in December, to a six-month high, amid declining unemployment and lower gas prices.  The Thomson Reuters/University of Michigan consumer sentiment index climbed to 69.9 from 64.1 at the end of November.   The metric averaged 89 points in the five years leading up to the recession.

December 22, 2011

U.S. consumer confidence rose more than forecast in December, to a six-month high, amid declining unemployment and lower gas prices.

NEW YORK — U.S. consumer confidence rose more than forecast in December, to a six-month high, amid declining unemployment and lower gas prices.  The Thomson Reuters/University of Michigan consumer sentiment index climbed to 69.9 from 64.1 at the end of November.   The metric averaged 89 points in the five years leading up to the recession.

December 22, 2011

U.S. consumer confidence rose more than forecast in December, to a six-month high, amid declining unemployment and lower gas prices.

NEW YORK — U.S. consumer confidence rose more than forecast in December, to a six-month high, amid declining unemployment and lower gas prices.  The Thomson Reuters/University of Michigan consumer sentiment index climbed to 69.9 from 64.1 at the end of November.   The metric averaged 89 points in the five years leading up to the recession.

December 9, 2011

The Thomson Reuters/University of Michigan preliminary index of consumer sentiment showed Friday that confidence among U.S. consumers rose more than forecast in December as Americans’ outlooks improved.

New York City -- The Thomson Reuters/University of Michigan preliminary index of consumer sentiment showed Friday that confidence among U.S. consumers rose more than forecast in December as Americans’ outlooks improved. 

The index rose to 67.7, a six-month high, from 64.1 at the end of November. The median estimate of 73 economists surveyed by Bloomberg News called for a reading of 65.8. The gauge averaged 89 in the five years leading up to the recession that began in December 2007 and ended in June 2009. 

December 9, 2011

The Thomson Reuters/University of Michigan preliminary index of consumer sentiment showed Friday that confidence among U.S. consumers rose more than forecast in December as Americans’ outlooks improved.

New York City -- The Thomson Reuters/University of Michigan preliminary index of consumer sentiment showed Friday that confidence among U.S. consumers rose more than forecast in December as Americans’ outlooks improved. 

The index rose to 67.7, a six-month high, from 64.1 at the end of November. The median estimate of 73 economists surveyed by Bloomberg News called for a reading of 65.8. The gauge averaged 89 in the five years leading up to the recession that began in December 2007 and ended in June 2009. 

October 28, 2011

A report released Friday by Thomson Reuters and the University of Michigan found that consumer confidence in the United States rose unexpectedly in October, a signal that an economic recovery process may still be intact.

New York City -- A report released Friday by Thomson Reuters and the University of Michigan found that consumer confidence in the United States rose unexpectedly in October, a signal that an economic recovery process may still be intact.

The Thomson Reuters/University of Michigan final index of consumer sentiment climbed to 60.9 from 59.4 in September, beating Bloomberg News economists’ projections of a drop to 58.

The preliminary reading for the month was 57.5.

May 31, 2011

Consumers grew more confident in May amid job gains and slightly declining gas prices.

New York City -- Consumers grew more confident in April amid job gains and slightly declining gas prices. The Thomson Reuters/University of Michigan final index of consumer sentiment increased to a three-month high of 74.3 from 69.8 in April.

Economists polled by Reuters had expected the index to be unchanged from the preliminary figure. At the same time, income expectations remained at low levels.

May 31, 2011

Consumers grew more confident in May amid job gains and slightly declining gas prices.

New York City -- Consumers grew more confident in April amid job gains and slightly declining gas prices. The Thomson Reuters/University of Michigan final index of consumer sentiment increased to a three-month high of 74.3 from 69.8 in April.

Economists polled by Reuters had expected the index to be unchanged from the preliminary figure. At the same time, income expectations remained at low levels.

March 11, 2011

A report released Friday by Thomson Reuters/University of Michigan showed that confidence among U.S. consumers fell more than forecast in March, precipitated by a surge in fuel prices.

Ann Arbor, Mich. -- A report released Friday by Thomson Reuters/University of Michigan showed that confidence among U.S. consumers fell more than forecast in March, precipitated by a surge in fuel prices.

The Thomson Reuters/University of Michigan Consumer Sentiment Index fell to 68.2, the lowest in five months, from 77.5 in February. The gauge was projected to decline to 76.3, according to a Bloomberg News survey. The index of expectations plunged to the lowest level since March 2009.
 

March 11, 2011

A report released Friday by Thomson Reuters/University of Michigan showed that confidence among U.S. consumers fell more than forecast in March, precipitated by a surge in fuel prices.

Ann Arbor, Mich. -- A report released Friday by Thomson Reuters/University of Michigan showed that confidence among U.S. consumers fell more than forecast in March, precipitated by a surge in fuel prices.

The Thomson Reuters/University of Michigan Consumer Sentiment Index fell to 68.2, the lowest in five months, from 77.5 in February. The gauge was projected to decline to 76.3, according to a Bloomberg News survey. The index of expectations plunged to the lowest level since March 2009.
 

March 7, 2011

A flurry of good news during the past several months has given the retail industry newfound confidence that the worst is finally behind them.

A flurry of good news during the past several months has given the retail industry newfound confidence that the worst is finally behind them. They aren’t the only ones. At press time came word that U.S. consumer confidence had risen to its highest level in three years, coming in at 77.5 on the closely watched Thomson Reuters/University of Michigan overall index on consumer sentiment. That’s up from 74.2 in January, and is the highest reading since January 2008. 


March 7, 2011

A flurry of good news during the past several months has given the retail industry newfound confidence that the worst is finally behind them.

A flurry of good news during the past several months has given the retail industry newfound confidence that the worst is finally behind them. They aren’t the only ones. At press time came word that U.S. consumer confidence had risen to its highest level in three years, coming in at 77.5 on the closely watched Thomson Reuters/University of Michigan overall index on consumer sentiment. That’s up from 74.2 in January, and is the highest reading since January 2008. 


March 3, 2011

Sales at Macy’s, J.C. Penney and Kohl’s surpassed analysts’ estimates in February amid gradually moderating temperatures and rising consumer confidence.

New York City -- Sales at Macy’s, J.C. Penney and Kohl’s surpassed analysts’ estimates in February amid gradually moderating temperatures and rising consumer confidence. However, analysts warned that a late Easter and rising gasoline prices could impact sales going forward.

Confidence among U.S. consumers rose in February to the highest level in three years, according to a Thomson Reuters/University of Michigan index, as a drop in unemployment helped overcome concern over rising food and fuel costs.