Category Archives: Information and Insights

Consumer Confidence Continues Trend Of Minor Movements, Declines Just 0.1 Points

Consumer confidence declined 0.1 points to 50.8 during the past two weeks, according to the HPS-CivicScience Economic Sentiment Index (ESI). This slight decline continues the ESI’s summer trend of minor movements as the index never moved more than 1.0 point between readings from May to September.

The index began the summer with a reading of 50.8 on May 30 and maintained an average of 51.2 through the current reading. Including this week’s reading, the ESI’s summer average was slightly below the ESI’s 2017 average of 51.4. Over the course of the summer, consumer confidence fell to a low of 50.4 on June 27 and peaked at 52.1 on August 8.

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Consumer Confidence In Making A Major Purchase Plummets As Summer Draws To A Close

Despite a more than 4.0 point decline in consumer confidence in making a major purchase, overall confidence among consumers fell just 1.0 point to 50.9 during the past two weeks, according to the HPS-CivicScience Economic Sentiment Index (ESI).

The 4.2 point decline in economic sentiment toward making a major purchase dropped the indicator to 49.1, its lowest level since April 2017. This drop in sentiment, coupled with rising consumer confidence in the housing market—the only indicator to rise during the reading—means consumers are less confident in making a major purchase than they are in the housing market for the first time since May 2017. Economic sentiment toward the housing market improved 1.0 point to 49.5 during the reading.

Consumer confidence fell across the other three ESI indicators, with confidence in personal finances declining the most with a 0.7 point drop, bringing the indicator to 65.6. Even with this decline, consumers continue to feel most confident in their personal finances. Confidence in the broader US economy and the labor market also fell, with each decreasing 0.5 points to 46.5 and 43.9, respectively.

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Consumer Confidence Remains Largely Unchanged Despite Tumultuous News Cycle

Consumer confidence decreased slightly over the past two weeks, according to the HPS-CivicScience Economic Sentiment Index (ESI). The index fell 0.1 points from 52.0 to 51.9. The decline comes amidst the violence in Charlottesville, VA, on Saturday, August 12. In the aftermath of the clashes and President Trump’s multiple statements in response, the second week of the reading featured the disbanding of two of the president’s CEO advisory councils, as well as the departure of chief strategist Stephen Bannon. Despite the political turbulence, economic sentiment among consumers remained largely unchanged since the last reading on August 8.

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Consumers Feeling More Confident As Congress Adjourns For Recess

Consumer confidence improved 0.4 points to 52.0 during the past two weeks to reach its highest point since March 2017, according to the HPS-CivicScience Economic Sentiment Index (ESI). Of note, consumer confidence in making a major purchase hit a 12-month high after a 1.6 point increase. Consumer confidence has slowly improved throughout the summer, increasing 1.4 points over the course of four consecutive readings of increases. With these improvements, the ESI is now 0.6 points above its 2017 average of 51.4.

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Economic Sentiment Improves Slightly As Consumers Feel Increasingly Confident In The Labor Market

Consumer confidence increased slightly by 0.4 points to 51.6 during the past two weeks, according to the HPS-CivicScience Economic Sentiment Index (ESI). The rise in confidence continues the ESI’s recent trend of modest improvement, as the index has improved 1.1 points since the June 27 reading. Consumers continue to feel more confident in 2017 than in 2016, with the 2017 ESI average of 51.3 hovering nearly 4.0 points above its 2016 average. The increase in consumer confidence was largely driven by improved confidence in the U.S. labor market and in personal finances, as these indicators rose 1.6 points and 1.5 points to 44.3 and 66.1, respectively.

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Consumer Confidence Remains Steady Heading Into The Second Half Of 2017

Consumer confidence improved slightly to start the second half of the year, rising 0.7 points to 51.2, according to the latest reading of the HPS-CivicScience Economic Sentiment Index (ESI). Increased confidence in personal finances and the broader U.S. economy drove the slight bump, which offset the 0.8 point drop over the previous two weeks. The ESI now rests just shy of its 2017 year average of 51.3 but remains above last year’s levels. This reading continues a three-month stretch where consumer confidence has remained relatively constant, not moving above 51.4 or below 50.5 since April 4.

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Consumer Confidence In The Labor Market And In Personal Finances Plunges

A 0.8 point decline in overall consumer confidence during the past two weeks was fueled by a significant decline in confidence in the labor market and in personal finances, according to the HPS-CivicScience Economic Sentiment Index (ESI). Consumer confidence in personal finances fell 2.5 points to 62.6, its lowest level since the beginning of April, when the indicator dropped to 62.4. Confidence in the labor market dropped 1.7 points to 42.9, erasing a substantial portion of its gains from the previous reading when it had risen 2.8 points to 44.6. Additionally, consumers remained pessimistic toward the broader U.S. economy as this indicator dipped 0.2 points to 45.7 after falling 1.3 points during the previous reading. Economic sentiment toward making a major purchase also declined, falling 0.2 points to 51.3. Consumer confidence in the housing market was the sole ESI indicator to improve, rising 0.7 points to 49.8.

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Consumer Confidence Improves Despite Pessimism Toward The Broader U.S. Economy

After holding steady during the latter half of May, consumer confidence increased 0.6 points to 51.3 points during the first two weeks of June, according to the HPS-CivicScience Economic Sentiment Index (ESI). As the halfway point of 2017 nears, consumer confidence hovers just below the index’s 2017 average of 51.4. Despite recent readings’ more modest confidence, consumers continue to feel more confident in 2017 than 2016, as the ESI’s 2017 average is nearly 4.0 points higher than its 2016 average of 47.5.

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Economic Sentiment Flat As Summer Begins

As summer kicked off with the passage of Memorial Day, consumer confidence remained steady, according to the HPS-CivicScience Economic Sentiment Index (ESI). The ESI came in once again at 50.7 over the past two weeks, after falling 0.4 points during the May 16 reading. While today’s reading sits below the ESI’s 2017 average of 51.4, the ESI remains higher than its 12-month average of 49.2.

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Economic Sentiment Declines Slightly As Confidence In The U.S. Economy Wanes

Consumer confidence in the economy fell slightly in the past two weeks, according to the HPS-CivicScience Economic Sentiment Index (ESI). Since Tuesday, April 18, consumer confidence has now dropped 0.7 points, from 51.4 to today’s reading of 50.7. The index now sits at its lowest level for 2017 since February, when the index fell to 49.9 on Tuesday, February 7. Of note, confidence in the U.S. economy continued it’s downward decline, setting it apart from other components of the index, which have remained at elevated levels.

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