Latest Consumer confidence News

This Week: Debt tally, PriceSmart earns, consumer sentiment

Apr. 6, 2020 1:10 AM EDT

A look at some of the key business events and economic indicators upcoming this week: JUST CHARGE IT The Federal Reserve issues its February snapshot of U.S. consumer borrowing Tuesday. The tally, which excludes mortgages and other loans secured by real estate, is expected to show consumer borrowing increased by...

The dining section is closed off at East Side Pockets, a small restaurant near Brown University, Wednesday, March 25, 2020, in Providence, R.I. President Donald Trump wants the country open for business by mid-April, but some experts warn it's not as easy as flipping a switch: Economies run on confidence, and that is likely to be in short supply for as long as coronavirus cases in the United States are still rising. (AP Photo/David Goldman)

US consumer confidence sinks as virus begins having impact

Mar. 31, 2020 12:11 PM EDT

WASHINGTON (AP) — U.S. consumer confidence tumbled this month to its lowest level in nearly three years as the impact of the coronavirus on the economy began to be felt. The Conference Board reported Tuesday that its confidence index dropped to a reading of 120 in March from February's 132.6. It was the...

This Week: Consumer confidence, jobless claims, jobs report

Mar. 30, 2020 1:10 AM EDT

A look at some of the key business events and economic indicators upcoming this week: WANING CONFIDENCE The Conference Board issues its latest monthly reading on U.S. consumer confidence Tuesday. February's reading climbed to 130.7, the highest since August. That survey was conducted too early in the month to get...

FILE - This March 12, 2016 file photo shows flyers advertising comedy on a light pole on Sixth Street during South By Southwest in Austin, Texas. Austin city officials have canceled the South by Southwest arts and technology festival. Mayor Steve Adler announced a local disaster as a precaution because of the threat of the novel coronavirus, effectively cancelling the annual event that had been scheduled for March 13-22. (Photo by Rich Fury/Invision/AP, File)

Virus-related shutdowns bringing US economy to grinding halt

Mar. 14, 2020 12:16 PM EDT

AUSTIN, Texas (AP) — It took 15 minutes for the coronavirus to wreck Shelley Hutchings’ carefully calculated financial plans. Hutchings, a bartender and performer, had lined up gigs in advance of the South by Southwest film, music and technology festival, which draws hundreds of thousands of...

A pair of shoppers wearing masks walks through Pike Place Public Market, Wednesday, March 11, 2020, in Seattle. In efforts to slow the spread of the new coronavirus, Washington state Gov. Jay Inslee announced a ban on large public gatherings in three counties in the metro Seattle area. (AP Photo/Stephen Brashear)

Nervous consumers around world pull back amid viral outbreak

Mar. 12, 2020 12:24 PM EDT

WASHINGTON (AP) — Buffeted by fears of the fast-spreading coronavirus, consumers in the United States and overseas are showing increasing signs of cutting back on spending in what amounts to a severe threat to economic growth. Consumer confidence has declined in most advanced economies in the past month,...

Britain's Chancellor of the Exchequer Rishi Sunak stands outside No 11 Downing Street as he holds the traditional red box that contains the budget speech for the media, he will then leave to make budget speech to House of Commons, in London, Wednesday, March 11, 2020. Britain's Chancellor of the Exchequer Rishi Sunak will announce the first budget since Britain left the European Union. His ministerial team are seen leaving right. (AP Photo/Kirsty Wigglesworth)

UK interest rates cut, funds freed up to ease virus impact

Mar. 11, 2020 3:34 PM EDT

LONDON (AP) — Britain took bold steps on Wednesday to cushion the economic shock of the coronavirus outbreak, as the government announced a 30 billion-pound ($39 billion) stimulus package and the Bank of England slashed its key interest rate to a record low of 0.25%. U.K. Treasury chief Rishi Sunak said...

A man wearing a protective face mask walks by statues of bulls on display outside a bank in Beijing, Tuesday, March 10, 2020. Asian stock markets took a breather from recent steep declines on Tuesday, with several regional benchmarks gaining more than 1% after New York futures reversed on news that President Donald Trump plans to ask Congress for a tax cut and other quick measures to ease the pain of the virus outbreak. (AP Photo/Andy Wong)

World markets subdued amid virus worries, hope for help

Mar. 11, 2020 8:05 AM EDT

TOKYO (AP) — European stock markets edged up Wednesday after Asian shares mostly declined, as governments were ramping up aid for economies reeling from the virus outbreak. France's CAC 40 gained 0.8% to 4,673, while Germany's DAX rose 0.6% to 10,537. Britain's FTSE 100 added 0.4% to 5,984. U.S. shares...

FILE - In this Nov. 4, 2019 file photo, barista Porter Hahn makes an iced coffee drink for a customer in a coffee shop in Seattle.  U.S. services companies grew at a faster pace in February 2020 than the previous month, an indication that the economy is still expanding, despite growing concerns about global coronavirus outbreak.   The Institute for Supply Management said Wednesday, March 4, 2020 that its service-sector index rose to 57.3 from 55.5 in January.   (AP Photo/Elaine Thompson, File)

To gauge economic damage from virus, watch for US jobs data

Mar. 5, 2020 5:23 PM EST

WASHINGTON (AP) — Companies and consumers have scrapped travel plans, and factories have endured broken supply chains from the coronavirus outbreak. If employers were to respond by slashing jobs, it would significantly escalate the economic damage. For that reason, a range of job market barometers will...

FILE - In this Dec. 9, 2019, file photo Melissa Rogan, left, and her daughter Renee, 9-months-old, browse the new Toys R Us store at a mall in Paramus, N.J. On Tuesday, Feb. 25, 2020, the Conference Board reports on U.S. consumer confidence for February. (AP Photo/Seth Wenig, File)

US consumer confidence rises slightly to 130.7 in February

Feb. 25, 2020 11:11 AM EST

WASHINGTON (AP) — U.S. consumer confidence improved slightly in February, rising to a reading of 130.7, the highest point since August. The Conference Board said Tuesday that its measure of consumer sentiment is up from a revised reading of 130.4 in January. The January reading was revised down from an...

This Week: Consumer confidence, home sales, Best Buy earns

Feb. 24, 2020 1:10 AM EST

A look at some of the key business events and economic indicators upcoming this week: EYE ON CONSUMERS The Conference Board issues its latest index of consumer confidence on Tuesday. Economists expect this month's index will show a reading of 132.5. That would be the highest reading since August. Continued...