Consumer confidence rose in October, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.
The month’s preliminary index reading rose to 83.1, the highest since September 2007, from 78.3 the previous month, the survey said.
Economists had forecast the index would fall to 78, Bloomberg reported.
The survey’s index of current conditions asks Americans if they are better off than they were a year ago and if it is a good time to buy big-ticket items.
Consumer confidence fell in August by the most in 10 months, the New York-based Confidence Board said Tuesday.
The group’s monthly index decreased to a reading of 60.6 from 65.4 in July, the biggest drop since October.
Economists had forecast a reading of 66, Bloomberg reported.
An improvement in confidence may increase consumer spending, which accounts for 70% of the economy.
COLUMBUS, Ind. -- As expected, Class 8 net orders were weak in July with build rates exceeding the pace of incoming orders.
The most recent data published by ACT Research in its State of the Industry report, showed consistent Classes 5-7 orders but continuing weak orders for Class 8 trucks.
“Concerning the heavy-duty market, we view the unusual pairing of weak orders and low cancellations as a reflection of today’s bifurcated truck market,” said Kenny Vieth, president and senior analyst at ACT. “To that end, we believe confidence is at a key component of the order pullback across a large swath of carriers.”
Consumer confidence improved in August, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.
The final index for the month rose to a reading of 73.6, from 72.3 in July.
Economists had predicted a small change at 72.2, Bloomberg reported.
The survey’s index of current conditions asks Americans if they are better off than they were a year ago and if it's a good time to buy big-ticket items.
Consumer confidence rose this month to a six-month high, according to the Thomson Reuters/University of Michigan consumer sentiment index released Thursday.
The final index for December rose a reading of 69.9, from a previously reported preliminary figure of 67.7. The index registered a 64.1 reading in November.
The reading topped economists’ forecasts of a 68 reading, Bloomberg reported.
The index averaged a reading of 89 in the five years leading up to the recession at the end of 2007.
Consumer confidence rose this month to its highest level in since June, according to the Thomson Reuters/University of Michigan consumer sentiment index released Wednesday.
The month’s final index rose to 64.1, from 60.9 in October.
A preliminary reading two weeks ago showed a reading of 64.2.
The final index was lower than economists’ median forecast of a 64.5 reading, Bloomberg reported.
The index averaged a reading of 89 in the five years leading up to the recession at the end of 2007.
Consumer confidence rose this month, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.
The month’s final index rose to 60.9, from 59.4 in September.
A preliminary reading two weeks ago showed a reading of 57.5.
The final index was higher than economists’ median forecast of a 58 reading, Bloomberg reported.
The index averaged a reading of 89 in the five years leading up to the recession at the end of 2007.
Consumer confidence dropped in October to its lowest level since March 2009, the New York-based Conference Board said Tuesday.
The group’s monthly index fell to a reading of 39.8, from a revised 46.4 reading in September that was higher than originally reported.
Economists had forecast a reading of 46, Bloomberg reported.
An improvement in confidence may increase consumer spending, which accounts for 70% of the economy.
