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:

2015 Christy Awards finalists announced

News image

The Christy Awards Advisory Board has announced the following finalists...

READ MORE

Christian self-publisher to shut down

News image

CrossBooks, a Christian self-publishing company, has announced it will close...

READ MORE

Christian Small Publishers announce annual awards

News image

Christian Small Publishers Association has announced the winning titles for...

READ MORE

Zondervan set to publish Chuck Colson’s final book

News image

This week, on the third anniversary of the death of...

READ MORE

Thomas Nelson graduation books top big milestone

News image

Bestselling gift books God’s Promises for Graduates and God’s Answers...

READ MORE

Christian music trailblazer Billy Ray Hearn dies at 85

News image

Gospel Music Hall of Fame member and CCM pioneer Billy...

READ MORE

Mardel names new CEO as Mart Green steps down

News image

The Mardel Christian & Education retail chain today announced the...

READ MORE

Crossway leaders to receive ECPA lifetime achievement award

News image

In recognition of their impact upon Christian publishing, Lane and...

READ MORE

EPA honors Andy Stanley for article ‘How to Be Rich’

News image

The Evangelical Press Association recently honored pastor and author Andy...

READ MORE

NetGalley launches in France, Firebrand adds staff

News image

Firebrand Technologies, a worldwide provider of publishing systems and technologies,...

READ MORE

EchoLight Studios takes a stand for traditional marriage

News image

With the Supreme Court hearing arguments concerning same-sex marriage looming...

READ MORE

New ownership for Family Christian Stores expected in June

News image

A Michigan district court judge on Tuesday allowed motions to...

READ MORE
100%
-
+
0
Show options

a