Labor Market Confidence Rises To 12-Month High As ESI Continues To Climb

With a 0.7 point increase from two weeks ago, consumer confidence rose for the fourth consecutive reading, according to the latest data from the HPS-CivicScience Economic Sentiment Index (ESI). At 47.4, the ESI two-week average is at its highest level since June 2013. The recent rise tracks improvements in the U.S. job market, which saw increased job gains in February and March. In fact, within the ESI components, labor market confidence jumped 1.4 points and reached a 12-month high.

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Consumer Confidence Remains Subdued – No Matter The Weather

Following a slight rebound after six weeks of decline, consumer confidence stabilized over the past two weeks, according to the latest HPS-CivicScience Economic Sentiment Index (ESI) reading. At 45.3, consumer confidence remained below its December 2013 readings. Moreover, regional and state-based analyses suggest the weather’s impact on local economies has not been the driving force behind recent declines, raising concerns that the dip in consumer confidence during January and February may reflect underlying economic weaknesses.

The two-week average of the ESI rose 0.1 points to 45.3, which is slightly above the average reading over the past 12 months, but still one full point away from its December 2013 reading and four points off the 2013 high.

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Consumer Confidence Rebounds After Six Weeks Of Decline

After declining for six straight weeks, consumer confidence rebounded over the last two weeks, according to the latest HPS-CivicScience Economic Sentiment Index (ESI) reading. While labor market data has been weak over the past two months, the ESI two-week average increased due to improved views towards making a major purchase, including a new home, and outlooks on personal finances. Looking across income groups, this recent boost was driven by gains in confidence among those making less than $35,000 a year.

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Consumer Confidence Sees Largest Decline Since The Government Shutdown

The decline in consumer confidence quickened over the past two weeks as the HPS-CivicScience Economic Sentiment Index (ESI) fell from 45.5 to 44.2. This is the largest decline since the government shutdown and the sixth largest over the past year. Coming on the heels of back-to-back disappointing jobs reports, this reading marks the third consecutive decline in the two-week average, bringing the ESI a full two points below its six-month high set in December.

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The Politics of Consumer Confidence: Parties Split On Economic Confidence Heading Into SOTU

Consumer confidence dipped for the second consecutive two-week period with confidence dropping from 46.2 to 45.5, according to the most recent reading of the HPS-CivicScience Economic Sentiment Index. Heading into the State of the Union, analysis shows stark differences in confidence by political party with confidence among Democrats remaining 19 points higher on average than Republicans since January 2013. In fact, among all variables in the CivicScience database, political leanings tend to be most closely correlated with confidence.

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Consumer Confidence Ends The Year At A Six-Month High

Today, Hamilton Place Strategies and CivicScience reported that the Economic Sentiment Index (ESI) continued to rise in the latter half of December, finishing the year with a two-week moving average of 46.3. This reading is the fifth consecutive rise in the two-week moving average since the government shutdown and brings the ESI back to levels not seen since July. Continue reading

Consumer Confidence Surges, But Jobs Outlook Still Lags Broader Index

Today, Hamilton Place Strategies and CivicScience reported that the HPS-CivicScience Economic Sentiment Index (ESI) 3-day rolling average rose to 47.6 over the past two weeks, a four-week high. Moreover, the two-week average of the index, which measures U.S. adults’ expectations for the economy going forward, as well as their feelings about current conditions for major purchases, rose more than eight full points since the government shutdown and is now back to levels not seen since the summer. These gains come in the wake of a strong December jobs report, which has spurred discussion that the Federal Reserve may begin to scale back its quantitative easing program. Continue reading

Consumer Confidence Fell Heading Into Black Friday, But Was Up Overall In November

Today, Hamilton Place Strategies and CivicScience reported that the HPS-CivicScience Economic Sentiment Index (ESI) 3-day rolling average fell over the past two weeks from 46.7 to 43.9. The index, which measures U.S. adults’ expectations for the economy going forward, as well as their feelings about current conditions for major purchases, fell during the week leading up to Thanksgiving, but jumped back up slightly on Black Friday and settled around 44.0 over the past five days. Continue reading