This is consistent with the short and shallow recession we anticipate in the first half of 2024. While consumer fears of an impending recession abated slightly-to the lowest levels seen this year-around two-thirds of consumers surveyed in November still perceive a recession to be “somewhat” or “very likely” to occur over the next 12 months. The Expectations Index-based on consumers’ short-term outlook for income, business, and labor market conditions-rose to 77.8 (1985=100) in November, up from its downwardly revised reading of 72.7 in October.ĭespite this month’s improvement, the Expectations Index remains below 80 for a third consecutive month-a level that historically signals a recession within the next year. The Present Situation Index-based on consumers’ assessment of current business and labor market conditions-ticked down slightly to 138.2 (1985=100), from 138.6. The Conference Board Consumer Confidence Index® increased in November to 102.0 (1985=100), up from a downwardly revised 99.1 in October. Index Bounces Back After Three Straight Monthly Declines as Expectations Turn Less Gloomy US Consumer Confidence Increased in November Latest Press Release Data are available by age, income, 9 regions, and top 8 states. This monthly report details consumer attitudes, buying intentions, vacation plans, and consumer expectations for inflation, stock prices, and interest rates. The Consumer Confidence Survey® reflects prevailing business conditions and likely developments for the months ahead. Human Capital Benchmarking & Data Analytics.2024: A Year In Preview (C-Suite Outlook).
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