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Confidence Index turns south

BY Ken Clark

The Conference Board Consumer Confidence Index declined to its lowest level since November 2011, hitting a reading of 60.6 in August.

The Consumer Confidence Index fell in August to 60.6, down from a revised 65.4 in July. The latest figure marks the lowest index reading since November 2011.

"A more pessimistic outlook was the primary reason for this month’s decline in confidence,” said Lynn Franco, director of economic indicators at The Conference Board, which produces the index. “Consumers were more apprehensive about business and employment prospects, but more optimistic about their financial prospects despite rising inflation expectations. Consumers’ assessment of current conditions was virtually unchanged, suggesting no significant pickup or deterioration in the pace of growth."

Consumers’ assessment of current conditions was little changed in August. Those claiming business conditions are "good" improved to 15.2% from 13.7%, while those saying business conditions are "bad" was unchanged at 34.4%.

The percentage of consumers expecting business conditions to improve over the next six months declined to 16.5% from 19.0%, while those anticipating business conditions will worsen increased to 17.7% from 15.1%.

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A.K says:
Nov-02-2012 05:16 am

According to a Commerce
According to a Commerce Department report Monday, consumers spent more in September. That means consumer confidence increased, even as the savings rate of customers disappeared for the 3rd month in a row. Read more here: Consumer spending is up, personal savings down.

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Flying on the company’s dime

BY HBSDEALER Staff

An article in HCN Monday about the coach-only travel policy at Tractor Supply led to unanimous support for the coach class cabin for business trips.

“We have never flown first class unless we were bumped up. Never paid for it in 41 years.”
— George A. Pattee
Chairman and CEO
Parksite

“At Bostwick-Braun, we ALWAYS fly coach.”
— William R. Bollin
Chairman and CEO
The Bostwick-Braun Co.

“My strategies regarding Air travel is not to fly whenever possible. It’s a royal pain.”
— Bruce Currie

“[Corporate travel] should be treated the same as if it were your own funds. Would you spend your money to fly first class? Probably not, so don’t do it with the company’s money either. Never have for more than 40 years of traveling.”
— Paul Siegel

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Report: It’s greener to retrofit than rebuild

BY HBSDealer Staff

A report from the Preservation Green Lab finds that it is way more “green” to retrofit an old building than build from ground up.

The report, “The Greenest Building: Quantifying the Environmental Value of Building Reuse,” was produced by Preservation Green Lab of the National Trust for Historic Preservation.

The report finds that: “Building reuse typically offers greater environmental savings than demolition and new construction. It can take between 10 to 80 years for a new energy efficient building to overcome, through efficient operations, the climate change impacts created by its construction.”

The study finds that the majority of building types in different climates will take between 20-30 years to compensate for the initial carbon impacts from construction.

 

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