Author Archives: Ross McGowan

Steep Drop In Consumer Confidence Erases Majority Of Post-Election Gains

Consumer confidence fell nearly 3.0 points to 49.9, its lowest level since November 15, 2016, according to the HPS-CivicScience Economic Sentiment Index (ESI). Confidence in the economy had been increasing steadily since October 2016, rising in six of the previous seven readings. The ESI’s three-day rolling average, which tracks short-term movement during the reading, ended the two-week reading period at 48.5 on Tuesday, February 7, a total of 4.8 points lower than its peak of 53.3 on Friday, January 27.

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Consumer Confidence At New 12-Month High For Second Consecutive Reading

Entering the first week of the new presidential administration, consumer confidence increased slightly, according to the HPS-CivicScience Economic Sentiment Index (ESI), pushing confidence levels to a new 12-month high. While economic sentiment remained fairly stable during the two-week reading, the slight bump of 0.4 points brings the ESI to 52.8, its highest level since January 2015. The ESI’s five indicators remained steady, with only confidence in the labor market changing significantly with a gain of 2.6 points.

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New Year Starts With Consumer Confidence At A High

During the first two weeks of 2017, consumer confidence rebounded from its previous decline to begin the year at a 12-month high, according to the HPS-CivicScience Economic Sentiment Index (ESI). Economic sentiment increased 0.6 points to 52.4, making a full recovery from its only decline in six readings that occurred during the last two weeks of 2016. Consumers’ increasing confidence has pushed the ESI to start the new year 4.9 points higher than its 2016 average of 47.5.

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Despite Christmas Day Bump, Consumer Confidence Fades Slightly In Final Reading Of 2016

Consumer confidence in the economy has declined for the first time in over two months, according to the HPS-CivicScience Economic Sentiment Index (ESI). Economic sentiment among consumers dropped 0.6 points during the ESI’s two-week reading period, falling from 52.4 to 51.8. Prior to today’s report, the ESI had increased each reading since October 18, steadily climbing 5.7 points by the December 13 reading to 52.4, the index’s highest point during 2016. While today’s result means the ESI finishes 2016 on a decline and slightly off its peak for the year, the reading of 51.8 pushes the index’s 2016 average up to 47.5.

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Consumer Confidence Continues Post-Election Surge In Advance Of The Holidays

Consumer confidence increased for the fourth straight reading to reach 52.4, according to the HPS-CivicScience Economic Sentiment Index (ESI). Since its last decline on October 18, 2016, consumer confidence has increased a total of 5.7 points, reaching its highest level since January 27, 2015. With the help of steady increases, the ESI’s 2016 average is now 47.4, up from 46.9 on October 18.

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Consumer Confidence Reaches Highest Level Since January 2015

Economic sentiment among consumers jumped again over the past two weeks to a level not seen since January 2015, according to the HPS-CivicScience Economic Sentiment Index (ESI). Consumer confidence rose 2.9 points, up from 48.4 to 51.3, after a 1.5 point increase during the previous reading, for a total increase of 4.4 points during the month of November. The most recent jump was primarily driven by increased confidence in the labor market and brings the ESI’s 2016 average to 47.2.

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Consumer Confidence Highly Volatile After Election

Consumer confidence increased 1.5 points during the past two weeks to 48.4, according to the HPS-CivicScience Economic Sentiment Index (ESI). However, the index’s three-day rolling average reveals a tumultuous reading for the ESI, as the average rose and fell dramatically in the days surrounding the United States election. The five indicators mostly mirrored the ESI’s increase, with consumer confidence in making a major purchase being the sole indicator to decline, falling 2.3 points to 43.8.

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Consumer Confidence Rebounds Slightly In Last Reading Before 2016 Election

Economic sentiment among consumers rebounded slightly over the past two weeks, rising 0.2 points to 46.9, according to the HPS-CivicScience Economic Sentiment Index (ESI). Despite declining confidence in the labor market, the housing market, and making a major purchase, the index achieved modest gains thanks to increasing confidence in the broader U.S. economy and personal finances. Heading into the 2016 election, consumer confidence remains marginally below its 12-month average of 47.1.

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Despite Increasing Confidence In The Broader U.S. Economy, Overall Consumer Confidence Drops Slightly

Consumer confidence dipped slightly over the past two weeks, falling 0.5 points to 46.7, according to the HPS-CivicScience Economic Sentiment Index (ESI). Despite confidence in the broader U.S. economy hitting another high for the year, declines in economic sentiment toward the labor market and personal finances helped push the overall index negative during the two-week reading.  Continue reading

Economic Sentiment Continues Steady Increases Since August Dip

Economic sentiment among consumers continued its recent trend of steady increases, rising 0.4 points during the last two weeks, according to the HPS-CivicScience Economic Sentiment Index (ESI). The increase brings the ESI to 47.2, 0.9 points higher than its August 23 reading of 46.3, the last reading during which the index declined. Increased confidence in the broader U.S. economy and in making major purchases allowed the ESI to overcome declines in confidence in the index’s other three indicators.

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