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The customer confidence level has increased at a fairly solid rate for a couple of months, but the figures which came out today were a good deal higher than estimated as far as the increase goes. The Conference Board?s Consumer Confidence Index has a 14.1 point surge; increasing to 54.9 for the month of April. Economists were expecting a Confidence Index of 42.3. This comes just months after February?s lowest level ever of 25.3.
The consumer confidence interval is determined by a mail survey of a sample of 5,000 households in the United States from May 1st to May 19th.
The confidence interval increase means that many people are feeling more hopeful about the future of the economy including unemployment numbers. However, it is likely that the unemployment rate will hit just above 9% in the next month or two. It is nice to see that people think that things are getting better even when there are is a large number of bleak news coming from fiscal indicators.
Today when the shopper confidence index increased, so did stocks. The Dow Industrial Average increased over 200 points, or 2.4 % today after the information about shopper confidence came out.
The shopper confidence index started slowing down in October, when it declined to 38.8. At the instance, it was the lowest figure that had ever been seen ever since the Conference Board began logging the confidence file.
This, by no means, means that individuals will commence throwing their cash away on costly clothing or other stuff that have been deemed ?uncalled for? in the past few months. What was in the past just something that may have been a overindulge is now seen as frivolous and is maybe frowned upon in some collective circles.
One more reason that people aren?t spending their cash on those possessions is that there aren?t as many jobs going around anymore and that the actual wealth going around is much less than it was even a year ago. With people having less and less money, I am actually pretty surprised that the consumer confidence index has risen. Maybe people are getting so tired of the current economy that they are being overly hopeful on the surveys that are being sent out.
I mean, even this information is coming out in a optimistic light following the information last week that housing prices has fallen in the sharpest decline in the first quarter of the year.
In my bright point of view, possibly this is the commencement of some sort of monetary jump. If you follow the stock marketplace, commodities marketplace, and other indicators, then perhaps things are starting to pick up.
The consumer confidence interval is determined by a mail survey of a sample of 5,000 households in the United States from May 1st to May 19th.
The confidence interval increase means that many people are feeling more hopeful about the future of the economy including unemployment numbers. However, it is likely that the unemployment rate will hit just above 9% in the next month or two. It is nice to see that people think that things are getting better even when there are is a large number of bleak news coming from fiscal indicators.
Today when the shopper confidence index increased, so did stocks. The Dow Industrial Average increased over 200 points, or 2.4 % today after the information about shopper confidence came out.
The shopper confidence index started slowing down in October, when it declined to 38.8. At the instance, it was the lowest figure that had ever been seen ever since the Conference Board began logging the confidence file.
This, by no means, means that individuals will commence throwing their cash away on costly clothing or other stuff that have been deemed ?uncalled for? in the past few months. What was in the past just something that may have been a overindulge is now seen as frivolous and is maybe frowned upon in some collective circles.
One more reason that people aren?t spending their cash on those possessions is that there aren?t as many jobs going around anymore and that the actual wealth going around is much less than it was even a year ago. With people having less and less money, I am actually pretty surprised that the consumer confidence index has risen. Maybe people are getting so tired of the current economy that they are being overly hopeful on the surveys that are being sent out.
I mean, even this information is coming out in a optimistic light following the information last week that housing prices has fallen in the sharpest decline in the first quarter of the year.
In my bright point of view, possibly this is the commencement of some sort of monetary jump. If you follow the stock marketplace, commodities marketplace, and other indicators, then perhaps things are starting to pick up.
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