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U.s. Consumer Confiden... Topics

‘The world’s most useless economic statistic’

Bloomberg reports that U.S. consumer confidence is almost back to pre-recession levels. But is that actually good news? Over at the Big Picture, James Bianco says it’s not clear why “consumer confidence” is a useful metric. It’s not correlated with jobs. Or retail sales.

 

Consumer confidence rebounded in November

U.S. consumer confidence bounced back from a 2-1/2 year low in November as apprehension about job and income prospects eased, according to a private sector report released Tuesday.

 

Consumer confidence falls in June: Conference Board

Consumer confidence fell in June to the lowest point since November 2010 on concerns about the slack labor market and sputtering recovery, according to a Conference Board report released on Tuesday.

 

U.S. consumer confidence fell in March

U.S. consumer confidence fell in March after hitting a three-year high in the prior month as expectations about jobs and income growth worsened.

 

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