- Weekly: **Unemployment Initial Claims Data have been revised**
- US: Housing Starts by State and Region (Feb)
- CPB World Trade Monitor (Jan)
- CPB World Trade Monitor (Jan)
- France: Registered Unemployed & Job Vacancies (Feb)
- US: Household Employment for States and Regions (Feb)
- US: Wholesale Trade Revisions, Advance Durable Goods (Feb)
- Manufacturing Survey - Markit US (Flash - Mar), Composite Survey - US (Flash - Mar), Services Survey - US (Flash - Mar)
- more updates...
Economy in Brief
Correction to Unemployment Insurance Weekly Claims
The Department of Labor has issued a correction to yesterday's annual revision to seasonally adjusted weekly unemployment claims...
EMU PMIs Are Off to the Races...Farewell Mediocrity?
The PMI rankings for the manufacturing and service sector PMIs in the EMU are suddenly off the chart...
U.S. New Home Sales Improve While Prices Decline
Sales of new single-family homes increased 6.1% (12.8% y/y) during February to 592,000 units (AR)...
Kansas City Federal Reserve Factory Index Strengthens; Expectations Surge
The Kansas City Fed reported that its index of regional manufacturing sector business activity increased to 20 during March...
U.S. Initial Unemployment Insurance Claims Rise
Initial claims for unemployment insurance increased to 258,000 (-3.0% y/y) during the week ended March 18...
U.K. Retail Looks Less Bulletproof
For the most part, the assessments embodied in the March survey from the UK's CBI are being taken as being upbeat...
by Tom Moeller January 26, 2016
The Conference Board's Consumer Confidence Index during January rose 1.9% to 98.1 following a 4.0% rise in December to 96.3, revised from 96.5. Consensus expectations had been for a reading of 96.1, according to the Action Economics Forecast Survey. An improved expectations reading led last month's increase with a 3.5% rise, down 11.4% y/y. The present situations figure was unchanged m/m (2.2% y/y) following a 5.0% December gain.
The share of consumers believing business conditions are good held fairly steady at 27.2%, and the share believing conditions are bad eased to 18.5%. The assessment of the job market deteriorated slightly as the number believing that jobs are plentiful fell to 22.4% but remained in the range of the last six months. Jobs were viewed as hard to get by a lessened 23.4%, down from the 2011 high of 49.4%.
Expectations that business conditions would get better nudged up to 16.2% of respondents while 10.3% expected a worsening. More jobs were expected by a still low 13.2%, while 16.5% expected fewer jobs. Income was expected to increase by 18.1%; 10.8% expected less.
The inflation rate was projected to fall to 4.8%, the lowest figure since early-2007. Interest rates were expected to rise by a sharply increased 72.4% of respondents, up from 56.6% one year ago.
A sharply higher 6.6% of respondents planned to buy a home within six months, up from 4.4% in August. Major appliance buying was scheduled by 52.4% of respondents, the highest level since July 2010.
Consumer confidence by age group improved to the highest level since August for those aged 55 and older. For those under aged 35 it rose to the highest level since September. Confidence amongst individuals aged 35-54 eased m/m and remained down sharply from the September high.
The Consumer Confidence data is available in Haver's CBDB database. The total indexes appear in USECON, and the market expectations are in AS1REPNA.
|Conference Board (SA, 1985=100)||Jan||Dec||Nov||Y/Y %||2015||2014||2013|
|Consumer Confidence Index||98.1||96.3||92.6||-5.5||98.0||86.9||73.2|
|Consumer Confidence By Age Group|
|Under 35 Years||123.8||120.6||106.1||-1.7||116.5||106.6||93.1|
|Aged 35-54 Years||100.3||100.6||98.5||-3.2||103.8||92.4||76.8|
|Over 55 Years||84.0||79.8||78.5||-7.8||84.0||73.8||61.2|