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:

Christian Product Expo Murfreesboro gathers independent retailers

News image

Munce Group hosted independent Christian retailers Sept. 21-23 for the...

READ MORE

Christian Authors Network honors retailers at Munce-hosted expo

News image

The Christian Authors Network (CAN) presented three retailers with books...

READ MORE

David C Cook restructures, promotes Michelle Anthony

News image

David C Cook has merged all of the company’s learning-resource...

READ MORE

GMA Canada announces 36th Annual Covenant Award nominees

News image

Gospel Music Association (GMA) Canada has announced the nominees for...

READ MORE

‘Be the Message’ becomes ‘New York Times’ best-seller

News image

Houston-based megachurch pastors Kerry and Chris Shook’s latest book, Be...

READ MORE

Wanda Brunstetter reaches book-sales milestone

News image

Sales of Wanda E. Brunstetter’s books have topped 8 million...

READ MORE

Jay Sekulow's ‘Rise of ISIS’ becomes ‘New York Times’ best-seller

News image

Howard Books’ Rise of ISIS: A Threat We Can’t Ignore...

READ MORE

Send The Light partners with Fair Trade organization

News image

Send The Light Distribution has partnered with Gifts With a...

READ MORE

Revell joke book for kids sells half-million copies

News image

Revell, a division of Baker Publishing Group, has announced that...

READ MORE

Xulon launches political imprint

News image

Xulon Press and parent Salem Communications launched a new politically...

READ MORE

Moody’s Chapman Center expected to impact publishing ministry

News image

Author Gary Chapman and his wife, Karolyn, have given a...

READ MORE

AAP: Religious book sales drop in May

News image

Books published by religious presses fared well in April (+10.7%),...

READ MORE
100%
-
+
0
Show options

a