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.

Continue reading

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.

Continue reading

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.

Continue reading

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.

Continue reading

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.

Continue reading

Consumer Confidence Falls Sharply

Over the last two weeks, consumer confidence dropped 1.2 points from 50 to 48.8, according to the HPS-CivicScience Economic Sentiment Index. This reading is the index’s lowest level in 2015, and reverses the sharp rise the index saw during the 2014 holiday season. This drop ties the second largest two-week drop this year, and comes on the heels of a modest 0.4 point gain in the previous two-week period. The drop coincides with a weak showing in jobs numbers last Friday, with first readings suggesting only 126,000 jobs were added in March.

Continue reading

Confidence Ticks Up As Consumers Bid Winter Adieu

Heading into spring, the HPS-CivicScience Economic Sentiment Index (ESI) inched upwards over the past two weeks. The Index rose 0.4 points from 49.6 to 50. This increase comes on the heels of a two-month drop from 53.3 to 49.6 and was driven by increases in confidence in making a major purchase and in personal finances. At 50, respondents were equally likely to say they were more confident than less, net those who said stay the same.

Continue reading