Consumer Confidence Falls Amid Global Market Tumble

Consumer confidence fell a full point over the past two weeks to its lowest point since last December, according to the HPS-CivicScience Economic Sentiment Index (ESI). However, this may overstate the strength of consumer confidence today. When looking at the three-day rolling average, the ESI fell more than three points over the weekend in the wake of the stock market crash. While consumer confidence has been gradually falling all summer, this last month marks the sharpest decline since late January / early February.

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Consumer Confidence Continues Its Overall Decline

Consumer confidence decreased over the last two weeks by 0.9 points from 49.1 to 48.2, according to the most recent data from the HPS-CivicScience Economic Sentiment Index (ESI). The decline was driven primarily by a drop in confidence in the U.S. economy and in the labor market, a surprising finding despite consistent job growth in recent months. Consumer confidence is now at its lowest recorded point in 2015.

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Consumer Confidence Saw Across-The-Board Gains Over The Last Two Weeks

Consumer confidence increased over the last two weeks by 0.8 points from 48.3 to 49.1, according to the most recent data from the HPS-CivicScience Economic Sentiment Index (ESI). The index now stands just below the 2015 average of 49.8. The overall increase was driven by gains in all five components of the index, especially in regard to confidence in making major purchases.

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Consumer Confidence Holds Steady Amid Greek, Chinese Disruptions

Consumer confidence held steady over the last two weeks, decreasing by a modest 0.8 points from 49.1 to 48.3, according to the most recent data from the HPS-CivicScience Economic Sentiment Index (ESI). The lack of significant change comes during the disruptions the Greek crisis and Chinese stock market crash have caused in the global economy. However, looking within the index, confidence in making a major purchase dropped sharply from 52.1 to 48.4. This is the largest drop for this component of the index over the past 12 months, and the first significant change it’s seen since mid-February.

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Consumer Confidence At Lowest Point Since 2014

Consumer confidence fell slightly by 0.4 points from 48.8 to 48.4, according to the most recent data from the HPS-CivicScience Economic Sentiment Index (ESI). This reading is the index’s lowest level since December 2014 and marks the first consecutive biweekly drop since February 2015. A decrease in confidence in the national economy drove this overall decline.

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Consumer Confidence Stabilizes As Summer Begins

Consumer confidence ticked up over the last two-week period, rising from 49.1 to 49.8, according to the most recent data from the HPS-Civic Science Economic Sentiment Index (ESI). This 0.7 point rise comes after lackluster reports for retail spending through April. After starting the year with a 4.5 point slide from a high of 53.3 to a low of 48.8, the ESI seems to have stabilized, resting between 48.8 and 50 points for seven most recent two-week periods.

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Confidence In National Economy Drops Going Into Jobs Day

Consumer confidence fell 0.8 points from 49.9 to 49.1 over the last two weeks, according to the HPS-CivicScience Economic Sentiment Index (ESI). This reading follows the strongest two-week period of the year where sentiment gained 1.1 points. Looking at recent economic data, this is the first release following the announcement of weak, 0.2 percentage growth through the first quarter of 2015. Looking ahead to jobs day on Friday, confidence in the labor market has been steadily declining since the beginning of the year.

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