Christian Retailing

NEWSLETTERS Current Issue Consumer confidence up as economic optimism grows
Consumer confidence up as economic optimism grows PDF Print E-mail
Written by Jeremy Burns   
Monday, 03 March 2014 01:21 PM EST

ShopperBags.58077310_Shutterstock-micro10xConsumer confidence in the U.S. economy is looking up, according to a recent study. The University of Michigan/Thomson Reuters consumer-sentiment index rose to 81.6 at the end of February, versus a final reading of 81.2 at the end of January.

Some economists have predicted that consumer spending may increase as a result of the improved sentiment, particularly as the inclement weather that has plagued much of the country begins to abate. Wage growth and increased hiring have also been pinpointed as elements that could further improve consumer sentiment and spending.

“While the harsh winter weather has kept consumers away from retail outlets, it has not had a detrimental impact on their outlook for future economic conditions,” survey economist Richard Curtin said. “Consumers have displayed remarkable resilience in the face of the polar vortex as well as higher utility bills and minimal employment gains.”

The report also shows that a measure of consumer expectations grew from 71.2 in January to 72.7 in February, though consumers’ views on their current conditions declined from 96.8 to 95.4 during the same time period.

 

In this current issue:

CBA previews 2015 ICRS, opens exhibitor registration

News image

Nearly 20 representatives from more than a dozen companies were...

READ MORE

Thom Rainer’s church-focused books still going strong

News image

Thom S. Rainer’s I Am a Church Member (B&H Books)...

READ MORE

Dan Rich announces retirement after 40 years in publishing

News image

David C Cook Chief Publishing Officer Dan Rich will retire...

READ MORE

U.S. retail sales fall in September

News image

Retail sales dropped by 0.3% to $442.7 billion in September,...

READ MORE

NRF poll forecasts increased 2014 holiday spending

News image

The National Retail Federation (NRF) is forecasting holiday sales to...

READ MORE

Barbour author Vickie McDonough reaches sales milestone

News image

Barbour Publishing author Vickie McDonough recently surpassed the 1 million-copy...

READ MORE

GRAMMY-winning artist J Moss escapes house fire

News image

GRAMMY-winning producer and Stellar Award-winning artist J Moss escaped a...

READ MORE

Worthy Publishing acquires Ideals children’s books

News image

The Worthy Publishing Group announced the acquisition Friday of the...

READ MORE

Joel Osteen’s latest debuts atop ‘New York Times’ best-seller list

News image

Joel Osteen’s You Can, You Will: 8 Undeniable Qualities of...

READ MORE

Artist Jim Shore partners with Christian Brands

News image

Well-known artist Jim Shore has partnered with CB Gift, a...

READ MORE

NRF launches Retail Jobs Week, applauds retailers

News image

The National Retail Federation (NRF) today kicked off Retail Jobs...

READ MORE

Family Christian closes Waco store, promises move

News image

The Family Christian Stores location in Waco, Texas, has closed,...

READ MORE
100%
-
+
0
Show options

a