U.S. Consumer Confidence Steadies In June

Jan. 13, 2005
By Agence France-Presse Confidence among U.S. consumers -- critical because of its impact on spending -- held almost steady in June, a survey by the Conference Board showed June 24. People grew more optimistic about the future, however, it said. The ...
By Agence France-Presse Confidence among U.S. consumers -- critical because of its impact on spending -- held almost steady in June, a survey by the Conference Board showed June 24. People grew more optimistic about the future, however, it said. The New York-based private research group's consumer confidence index barely changed, easing to 83.5 points in June from 83.6 in May. The barometer is made up of two key components: the expectations index, which rose to 95.9 points from 94.5, and the present situation index, which fell to 64.9 from 67.3. "While consumers' assessment of current conditions has lost ground since April, expectations for the next six months are up," said Lynn Franco, director of the Conference Board's Consumer Research Center. "In fact, consumers have grown increasingly optimistic over the last three months." "The recent turnaround in the stock market and an easing in unemployment claims should keep consumer expectations at current levels and may signal more favorable economic times ahead," Franco said. Copyright Agence France-Presse, 2003

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!