Consumer Confidence | |||||||||||||||
| |||||||||||||||
Highlights
Consumer confidence eased in April but still remains over the key 80 level, at 82.3 in April vs March's upwardly revised 83.9. These readings are the highest of the recovery and follow five straight prior readings under 80. But there is bad news in the April report and that is the present situation component which fell under 80, to 78.3 and sizably below March's 82.5. This comparison points to weakness for month-to-month consumer sector readings for April including for job readings as the jobs-hard-to-get subcomponent rose a sharp 1.1 percentage points to 32.5 percent. And the jobs plentiful reading is down, to 12.9 percent vs 13.8 percent in March. The good news in the report is the expectations component which is steady and solid at 84.9 vs 84.8 in March. Those seeing more jobs opening up in the months ahead are up, to 15.0 percent vs March's 14.1 percent, as are those seeing their income going up, to 17.1 percent from 15.3 percent. Nevertheless, those seeing their own income falling rose to 12.9 percent from 11.5 percent. Gas and food prices have been on the climb but have yet to affect inflation expectations which, like they were in last week's consumer sentiment report, are unchanged, at 5.5 percent for this report. This report is showing less strength this month in consumer spirits than other readings though the results are still respectable. Yet the decline in the current conditions component is a concern. The Dow is moving off opening highs following today's report. | |||||||||||||||
Market Consensus before announcement
The Conference Board's consumer confidence index rose to 82.3 in March versus a revised 78.3 in February. The gain was led by strong showings in two subcomponents, expectations for future business conditions and, importantly, expectations for future employment. But the assessment of current conditions actually was down a bit including the very closely watched jobs-hard-to-get subcomponent which rose 6 tenths to 33.0 percent.
Source: Bloomberg
|
Give a more longer term perspective of Economic trends and the Macroeconomic and Monetary Interdependence of the Global Economy. With the Background of this approach the blog will deal with the implications for Investment decisions. The author believes that China and the Asia Pacific Region are and will be the powerhouse for the global economic growth for years to come. It will also cover IT because of its momentum driver for economic growth.
Tuesday, 29 April 2014
U.S. Consumer Confidence eases to 82.3 in April
Popular Posts
-
U.S. household spending rose in August as incomes increased at their fastest pace in six months, signs that momentum could be growing in th...
-
The Conference Board said its consumer confidence index in May rose to 83 -- matching the MarketWatch-compiled economist consensus -- fr...
-
Government Bonds Price Yield ...
-
The WSJ reports, "Alibaba said Thursday it bought a 50% stake in China's Guangzhou Evergrande soccer team for 1.2 billion...
-
Japan's core machinery orders fell more than expected and a central banker warned of headwinds from soft overseas growth, underscoring...
-
Chinese Premier Li Keqiang, in a telephone hook-up Thursday, told new Indian Prime Minister Narendra Modi that China was willing to enhanc...
-
China National Cereals, Oils and Foodstuffs Corp--the country’s largest food trader, has acquired a 51 percent stake in the Dutch trading ...
-
Despite ups and downs, China-U.S. relations have generally moved toward the right direction and yielded fruitful results, Xi said. "W...
-
Japanese Finance Minister Taro Aso reiterated on Tuesday his cautious view on a possible corporate tax cut to cushion the blow from a plan...
-
China's business climate index, a major gauge of the country's macroeconomic outlook, dropped in the fourth quarter, according to ...