The Reuters/University of Michigan index of consumer sentiment plummeted from a three-year high of 77.5 points in February to 67.5 points in March. On the back of the pronounced drop, consumer confidence fell to levels last observed in November 2009. Consumer sentiment deteriorated notably in March as respondents reported increasing concern about the effects of the recent rise in energy and food prices on their inflation-adjusted income. According to the chief economist of the survey, Richard Curtin, ?the data clearly indicate that the rate of real consumer spending will diminish?. Moreover, although references to employment gains still exceeded mentions of job losses, three-in-four consumers expected no additional declines in the unemployment rate in the year ahead.
United States Consumer Confidence
Consumer confidence plummets as food and energy prices soar
March 25, 2011
Looking for forecasts related to Consumer Confidence in United States? Download a sample report now.
United States Economic News
United States: Clinton’s lead over Trump widens but presidential election results are still uncertain
October 20, 2016
Only a few weeks ahead of the 8 November presidential elections, major polls suggest that Hillary Clinton has extended her lead over Donald Trump, but the presidential race will be decided in the most fiercely contested states.
October 14, 2016
In September, nominal retail sales expanded 0.6% over the previous month.
October 7, 2016
Non-farm payrolls grew 156,000 in September, which came in below August’s upwardly-revised increase of 167,000 (previously reported: +151,000).
October 3, 2016
The ISM manufacturing index increased more than expected in September and returned to expansionary territory, after a temporary setback in August.
September 27, 2016
The S&P/Case-Shiller 20-city home composite index rose 0.6% in July over the previous month.