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Mixed signals from Consumer Confidence data

BY Ken Clark

The Conference Board Consumer Confidence Index, which had increased in February, pulled back slightly in March. The Index now stands at 70.2 (1985=100), down from 71.6 in February. The Present Situation Index, however, increased to 51.0 from 46.4. The Expectations Index declined to 83.0 from 88.4 in February.

“The moderate decline was due solely to a less favorable short-term outlook, while consumers’ assessment of current conditions, on the other hand, continued to improve,” said Lynn Franco, director of The Conference Board Consumer Research Center. “The Present Situation Index now stands at its highest level in three and a half years (61.1, September 2008), suggesting that despite this month’s dip in confidence, consumers feel the economy is not losing momentum."

Consumers’ appraisal of current conditions improved in March. Those claiming business conditions are "good" increased to 14.3% from 13.7%.  However, those claiming business conditions are “bad” also increased, to 32.7% from 31.7%. Consumers’ assessment of the job market was mixed. Those saying jobs are "plentiful" increased to 9.4% from 7.0%, while those stating jobs are "hard to get" also rose, to 41.0% from 38.6%.

The monthly Consumer Confidence Survey, based on a probability-design random sample, is conducted for The Conference Board by Nielsen, a leading global provider of information and analytics around what consumers buy and watch. The cutoff date for the preliminary results was March 15.

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s.charlote says:
May-04-2012 09:42 am

I can not say that I am not
I can not say that I am not amazed to hear all this but also very happy. I have bookmarked and going to make more research in this subject. Book a winter vacation package with your partner - ski resorts in tatra

D.Norton says:
Mar-28-2012 04:26 pm

Mixed signals? Are you
Mixed signals? Are you kidding me? If you have 32.7% of respondents saying business conditions are bad vs 14.3% saying they are good & 41% saying jobs are hard to get vs 9.4% saying they are plentiful, how are those mixed signals? Hey, Lynn Franco, "the economy is not losing momentum." What momentum? What's the agenda here?

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Domestic profile: DAP points to U.S. jobs

BY Ken Clark

One of America’s original garage start-up success stories, DAP points to its made-in-the-USA mind-set as a key component of corporate culture. “DAP is dedicated to keeping jobs in the United States, with more than 500 associates nationwide to support its sales, marketing and manufacturing operations,” reads the company’s press release.

DAP’s history dates back to 1865, when the first product was produced out of the founder’s garage in Dayton, Ohio. Today, the maker of caulks, sealants, construction adhesives, insulating foams, spackling, glazing and other general patch and repair products owns and operates manufacturing plants and distribution centers in Dallas and Baltimore, where its headquarters are located.

Among the American-born innovations over the years: developments in latex caulking compounds, latex polymer foam technology, wall repair products that change color when optimum dry time is achieved and advanced sealant technologies.

History is present at DAP in other forms, as well. For instance, the manufacturing facility in Baltimore is located near where the Battle of North Point occurred. In the battle, American skirmishers and British Regulars fought the day before the bombardment of Ft. McHenry in the War of 1812.

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Bulb maker TCP plans initial public offering

BY HBSDealer Staff

An initial public offering is in the works for Shanghai, China-based TCP International Holdings, maker of energy-efficient light bulbs.

The supplier to Home Depot and Wal-Mart Stores (among many others) makes about 3,500 kinds of compact fluorescent light bulbs, about 275 varieties of even more efficient LEDs and 12 kinds of halogen bulbs.

The company hopes to raise $100 million through an offering of its common stock, according to a TCP filing with the Securities and Exchange Commission. It’s not yet known which exchange will be used.

TCP sales were $281 million in 2011, a decline of 2%. 

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