Consumer Confidence Falls To Lowest Levels Since October 2014

Consumer confidence continued to slide over the past two weeks, according to the HPS-CivicScience Economic Sentiment Index (ESI), as significant declines in the stock market persisted throughout the latter half of January. The substantial 1.1 point drop in the ESI over the past two weeks means consumer confidence has declined for each reading in 2016 and has now reached its lowest level since the October 21 reading of 2014. The drop in consumer confidence throughout the month of January has occurred during sell-offs in stock markets around the world and a precipitous decline in the price of oil. Since closing on December 31, 2015, the Dow Jones Industrial Average has fallen more than 1,500 points, including a 630 point slump since the January 12 reading of the ESI.

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Consumer Confidence Dips Slightly Amidst Significant Stock Market Sell-Off

Consumer confidence, according to the HPS-CivicScience Economic Sentiment Index (ESI), experienced a minor decline over the past two weeks, giving back the gains it accrued during the previous reading. The ESI dropped 0.4 points, from 48.3 to 47.9, matching the consumer confidence level registered during last month’s December 15 reading. While consumer confidence currently remains above its six-month average of 47.86, 2016’s first ESI reading snaps the trend of increasing consumer confidence experienced throughout December. However, this decline in consumer confidence pales in comparison to the declines the stock market has experienced thus far in 2016. A global sell-off has pushed the Dow Jones Industrial Average down more than 1,000 points, from 17,425.03 to 16,398.57, since December 31, 2015.

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Consumer Confidence Rises To End Year But Down Overall In 2015

Consumer confidence continued to rise over the past two weeks, increasing from 47.9 to 48.3, according to the HPS-CivicScience Economic Sentiment Index (ESI). In total, consumer confidence rose 1.2 points during the month of December. While this mirrors an increase during last year’s holiday season, consumer confidence did not experience the same year-end rally as in 2014 and trended downward throughout 2015. The ESI began the year at 53.3 and is closing the year out at 48.3.

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Consumer Confidence Rebounds In Advance Of December’s Fed Meeting

After dropping precipitously at the end of November, consumer confidence recovered the majority of its losses, as the HPS-CivicScience Economic Sentiment Index (ESI) rose from 47.1 to 47.9 over the past two weeks. The 0.8-point increase pushes the ESI to just below its six-month moving average of 47.95. The movement in consumer confidence over the past two weeks parallels the uptick it experienced this time last year, when consumer confidence began its steady rise that lasted to the January 13 reading of this year, when it topped out at 53.3.

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Confidence In Broader U.S. Economy Down Almost Four Points In Two Weeks

After a month-long increase between October 20 and November 17, consumer confidence declined over the past two weeks, according to the HPS-CivicScience Economic Sentiment Index (ESI). The index dropped from 48.2 to 47.1, and experienced its largest decrease over a two week period since April. The drop in consumer sentiment pushes the ESI to its second lowest point in the past twelve months and below its average of 48.0 points since the June 2 reading. This decline imitates the decrease that occurred last year during the Thanksgiving holiday. Of note, last year’s drop was followed by a sharp increase in consumer confidence throughout the holiday season and into the new year as gas prices fell.

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Consumer Confidence Continues Gradual Upward Trend In Advance Of The Holidays

Consumer confidence continued to rise gradually over the past two weeks, according to the HPS-CivicScience Economic Sentiment Index (ESI). In the final reading before the Thanksgiving holiday, the ESI continued its ascent, increasing 0.4 points, from 47.8 to 48.2. Despite this slight jump, consumer sentiment remains below the 12-month average for the past year, and is a full point lower than the reading from one year ago on November 18, 2014. With that said, the increase over the past two weeks brings consumer confidence to its highest level since the August 11 ESI reading, which was also 48.2.

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Despite Bump In Consumer Confidence, ESI Remains Below 12-Month Average

An earlier version of this post contained incorrect historical information for the five individual questions. We apologize for the error.

After dropping in mid-October, consumer confidence ticked back up slightly over the past two weeks, according to the HPS-CivicScience Economic Sentiment Index (ESI). A 0.4 point increase raises the ESI from 47.4 to 47.8, although consumer confidence has remained fairly stable since the August 11 reading; during that period, the index has registered in the 47-to-48 point range for each of the six readings, starting with the August 25 reading. Despite this consistency, the ESI remains below the 12-month average as we approach the holiday season. However, confidence in personal finances jumped 2.6 points to 58.9.

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Despite Small Decline, Consumer Confidence Remains Stable

Consumer confidence dropped slightly over the past two weeks, according to the HPS-CivicScience Economic Sentiment Index (ESI). The 0.6 point drop brings the ESI to 47.4, down from the previous reading of 48.0. While this is the first decrease in consumer confidence since the September 8 reading, the ESI has remained fairly consistent over the past two months, with each reading registering in the 47-48 range since August 11 of this year. Similar to the University of Michigan consumer sentiment index, the ESI has risen since this summer’s market scare, when it fell to 47 on the September 8 reading, the lowest reading for 2015 thus far. However, consumer confidence has not fully recovered to the levels seen earlier this summer.

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Consumer Confidence Rises For The First Time Since Stock Market Drop

Consumer confidence rose to its highest level in over a month, according to the HPS-CivicScience Economic Sentiment Index (ESI). The index improved to 47.6 in the past two weeks, an increase of 0.6 points since the last reading. A number of signs indicate that consumer sentiment concerning the economy is trending in the right direction. The three-day rolling average has risen more than two points since September 15, during which time the Federal Reserve announced it would maintain the current level of interest rates, while four of the index’s five components increased over the course of the two-week period.

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