Consumer Confidence Continues at Historic Low

Consumer Confidence drives the economy. Businesses, individuals 
and markets do not like uncertainty. 

Consider that an effective and fast way to stimulate the economy and
economic growth is to immediately cut taxes including and not limited
to= 20 income tax, payroll tax,capital gains tax,corporate,investment,
inheritance (the "death tax").
Title: 
WhatTheyThink Article: http://members.whattheythink.com/news/newslink.cfm?id=35398

Consumer Confidence Continues at Historic Low

Tuesday, February 03, 2009
The Conference Board Consumer Confidence Index, which had decreased in December,  inched lower in January and continues to be at a historic low. The Index now stands  at 37.7 (1985=100), down from 38.6 in December. The Present Situation Index declined  slightly to 29.9 from 30.2 last month. The Expectations Index decreased moderately  to 43.0 from 44.2. The Consumer Confidence Survey is based on a representative  sample of 5,000 U.S. households. The monthly survey is conducted for The Conference  Board by TNS. TNS is the world's largest custom research company. The cutoff date  for January's preliminary results was January 21st. Says Lynn Franco, Director of  The Conference Board Consumer Research Center: "The Consumer Confidence Index  continues to hover at all-time lows (Index began in 1967) and it appears that  consumers have begun the New Year with the same degree of pessimism that they  exhibited in the final months of 2008. The minor change in the Present Situation  Index suggests that economic conditions did not deteriorate significantly further  in January but, on the other hand, they did not improve either. Looking ahead,  consumers remain quite pessimistic about the state of the economy and about their  earnings. And, until we begin to see considerable improvements in the Expectations  Index, we can't say that the worst of times are behind us." Consumers' assessment of overall current conditions remains pessimistic. Those  saying business conditions are "bad" increased to 47.9 percent from 45.8 percent,  while those saying business conditions are "good" declined to 6.4 percent from  7.7 percent last month. Consumers' assessment of the labor market, however, was slightly more positive.  Those claiming jobs are "hard to get" edged down to 41.1 percent from 41.5  percent in December, while those stating jobs are "plentiful" edged up to 7.2  percent from 6.5 percent. Consumers' short-term outlook remains quite pessimistic. Those expecting business  conditions to worsen over the next six months decreased slightly to 31.1 percent  from 32.9 percent, while those anticipating conditions to improve remained relatively  unchanged at 13.3 percent in January, compared to 13.4 percent in December. The job  outlook remains somewhat mixed. The percentage of consumers expecting fewer jobs in  the months ahead decreased to 36.7 percent from 40.6 percent, while those expecting  more jobs edged down to 9.4 percent from 9.8 percent. The proportion of consumers  expecting an increase in their incomes declined to 10.0 percent from 12.7 percent.
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