The Australian economy is showing obvious signs of a slowdown as local enterprises report declining activities and more challenging business conditions in May, a new report has revealed. According to the latest business survey by the National Australia Bank (NAB), businesses across industries were running out of work to do, implying a worrying trend for…
Tough Business Conditions in May Signal More Trouble for Australia’s Economy
Consumers Fret Over Interest Rate Hikes
The latest interest rate hike has shaken consumers as businesses report a strong start to the year. Weekly and monthly consumer confidence surveys capture the February rate hike dragging confidence towards lows last seen in the early days of the pandemic. The monthly consumer sentiment survey from Westpac and Melbourne Institute revealed a 6.9 percent…
US Consumer Confidence Slips as Recession Fears Grow
January 31, 2023
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American consumer confidence has begun to stumble at the start of the year, as recession fears grow. The Conference Board, a business research group, reported on Jan. 31 that its consumer confidence index slightly fell 107.1 in January, down from 109 in December, which was the highest reading since April. Households appear to be a bit…
Consumer Confidence Drops to Four-Month Low, Future Outlook ‘Gloomy,’ Recession Risk ‘Elevated’: Conference Board
November 30, 2022
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American consumer confidence tumbled this month to a four-month low, amid a gloomy economic outlook, according to The Conference Board. The U.S. economy has been facing persistently high inflation, energy shortages, and rising interest rates since last year, raising the risk of a severe recession in 2023. The Conference Board’s Consumer Confidence Index fell to 100.2…
UK Consumer Confidence Hits Record Low Amid Soaring Cost of Living
August 19, 2022
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Consumer confidence in the UK has hit a new record low amid soaring cost of living and bleak economic prospects, according to business intelligence firm Growth from Knowledge (GfK). The firm’s Consumer Confidence Index fell three points in August to minus 44, its lowest figure since records began in 1974. All five measures that make…
Japan May Consumer Confidence Improves for 2nd Month
TOKYO—Japan’s consumer confidence index rose in May for a second straight month, the government said on Tuesday, as households enjoyed the first restriction-free spring holiday season since before the COVID-19 pandemic. A Cabinet Office survey showed the sentiment index for general households, which includes views on incomes and jobs, was at 34.1 in May, up…
Consumer Confidence Slips to 11-Year Low Amid Elevated Inflation
U.S. consumer confidence fell for the month of May as Americans deal with high inflation rates, according to the latest data from the University of Michigan’s survey of consumer sentiment. The index of consumer sentiment fell to 59.1 in May, down 9.4 percent from the previous month’s index value of 65.2, according to the preliminary…
Consumer Confidence Edges Lower Amid Inflation and War Concerns
April 27, 2022
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Consumer confidence dipped slightly in April 2022 following an increase in March as worries about inflation and the Russia–Ukraine war continued to weigh the economy down, according to a survey conducted by The Conference Board. The Consumer Confidence Index in April was at 107.3, down from 107.6 in March, an April 26 press release stated….
Consumer Confidence Nosedives Amid Cost of Living Crisis
UK Consumer confidence has continued to nosedive as the cost of living crisis deepens, a long-running survey shows. GfK’s Consumer Confidence Index fell five points to minus 31 in March as consumers confront a “wall of worry” amid 30-year-high levels of inflation. It is the fourth month in a row that the survey’s headline figure…
Australian Consumers Optimistic Despite Rising Fuel Prices
Australians are feeling increasingly optimistic as the Omicron peak passes and international borders are set to reopen. The ANZ-Roy Morgan consumer confidence index increased by 3.3 percent during the second week of February, the highest weekly gain since early April 2021. “The passing of the Omicron peak along with the news that international borders will…
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