Wednesday, January 7, 2015

Consumer Confidence Rises

The Conference Board Consumer Confidence Index, which had declined in November, improved in December.

The index now stands at 92.6, up from 91 in November.

Consumers were more positive in their assessment of the job market, with the proportion stating jobs are “plentiful” increasing from 16.2 percent to 17.1 percent, and those claiming jobs are “hard to get” decreasing from 28.7 percent to 27.7 percent.

Consumers’ outlook for the labor market in the short term was marginally less optimistic. Those anticipating more jobs in the months ahead decreased to 14.7 percent from 15.5 percent, while those anticipating fewer jobs rose to 16.9 percent from 16.1 percent.

The proportion of consumers expecting growth in their incomes declined moderately to 16.4 percent from 16.9 percent. However the proportion expecting a decrease also declined, to 10 percent from 11 percent.

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Wednesday, December 24, 2014

Small Business Optimism Surges

The NFIB Small Business Optimism Index jumped up 2 points to 98.1, just a tick lower than its historical average before the Great Recession.

Expectations for business conditions six months out rose a huge 16 percentage points while expectations for real sales volumes rose 5 percentage points.

The percent of owners reporting job creation fell a point from October to a net 2 percent of owners, continuing a four-month run in positive territory.

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As always - We want your questions, so please feel free to ask us anything because the team at CARS really cares about your success and we're committed to you by not only getting results, but to make learning fun and exciting. You can email us at repocarsinmichigan@gmail.com

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