An index of consumer sentiment rose for the fourth month in a row, gaining 5.8 points and reaching its highest level since last June. The Reuters/University of Michigan Consumer Sentiment Index hit 69.9 points in December, and researchers pointed to falling gasoline prices, mildly better employment prospects, an uptick in the stock market and real income growth.
Consumer confidence continues to plod along in the mid-forties.
Data released Tuesday morning by the New York City-based Conference Board showed the Consumer Confidence Index for the month of September at 45.4, up slightly from an upwardly revised 45.2 reading in August.
The Conference Board Consumer Confidence Index, which had declined in May, decreased again in June. The Index now stands at 58.5 (1985=100), down from 61.7 in May. The Present Situation Index decreased to 37.6 from 39.3. The Expectations Index declined to 72.4 from 76.7 last month.
Consumer research from Port Washington, N.Y.-based NPD Group shows more concern than confidence in the economy.
The June 2011 NPD U.S. Economic Perception Indicator, a measure of consumer confidence, is down slightly to an index reading of 39.5. The figure indicates consumers are slightly more concerned about the economy than they were last month, when the index stood at 40.0, or in the same month last year, when the index was also at 40.0.
The Conference Board Consumer Confidence Index, which had dipped in December, increased in January. The Index now stands at 60.6 (1985=100), up from 53.3 in December. The Present Situation Index improved to 31.0 from 24.9. The Expectations Index increased to 80.3 from 72.3 last month.