Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Fiscal Cliff Drives Down Consumer Confidence
Dec 27, 2012
 Printable format
 Email this Article
 Search

The Conference Board's Consumer Confidence Index dropped for a second month in December 2012 as consumer anxiety increased over the looming fiscal cliff. The Index, which was 71.5 in November, dropped to 65.1 in December.

The Expectations Index, one of the components of the overall Consumer Confidence Index, dropped from 80.9 in November to 66.5. Another component, the Present Situation Index, went from 57.4 last month to 62.8 in December.

"The sudden turnaround in expectations was most likely caused by uncertainty surrounding the oncoming fiscal cliff," said Lynn Franco, Director of Economic Indicators at The Conference Board. "A similar decline in expectations was experienced in August of 2011 during the debt ceiling discussions."

She added, however: "While consumers are quite negative about the short-term outlook, they are more upbeat than last month about current business and labor market conditions."

Back to Daily News

 

Daily News

...........................................................

Aug 29, 2014: Adaptive Frequency Drive Increases Trane Chiller Efficiency

Aug 29, 2014: Vitamix President Receives Entrepreneur of the Year Award

Aug 28, 2014: LG Heat Pump Clothes Dryer Earns Emerging Technology Award

Aug 28, 2014: Early Snowthrower Demand Boosts Toro Sales

Aug 27, 2014: Sustainability Standard Launched for Household Portable and Floor Care Appliances

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows