Conference Board
Coverage of Conference Board in the Nexus archive.
- Retail sales up a modest 0.2% in June amid economic uncertainty and fading benefits from tax refunds
Retail sales rose 0.2% in June amid economic uncertainty and fading tax refund benefits, with a 0.7% increase when excluding gas stations. Inflation declined to 3.5% year-over-year, driven by lower gas, clothes, and used car prices, while consumer spending on online platforms and sporting goods showed growth.
- Retail sales up a modest 0.2% in June amid economic uncertainty and fading benefits from tax refunds
Retail sales increased 0.2% in June, driven by online sales and sporting goods amid economic uncertainty and declining gas prices. Excluding gas stations, sales rose 0.7%, while clothing stores fell 0.3%. Inflation cooled to 3.5% year-over-year as gas prices dropped to $3.94 per gallon.
- Consumers shouldn't expect prices to fall anytime soon, top economist warns
Conference Board Chief Economist Dana M. Peterson warns consumers should not expect price declines soon, as rising costs in housing, healthcare, and insurance are driving reduced spending on big-ticket items.
- America In Focus: consumers still gloomy about economy; US hiring falls in June
Consumer confidence in the U.S. rose slightly in June but remains below year-ago levels, with inflation-adjusted incomes declining due to high costs. U.S. employers added only 57,000 jobs in June, the lowest in months, as companies remain cautious about economic health, while jobless claims decreased and mortgage rates fell to a seven-week low.
- America In Focus: consumers still gloomy about economy; US hiring falls in June
Consumer confidence in the U.S. remains below historical averages despite a slight monthly increase, while June hiring dropped to 57,000 jobs, the lowest in recent months. Inflation and high borrowing costs continue to impact economic sentiment, though mortgage rates fell to a seven-week low in June.
- Consumers are feeling better, but not confident enough yet
Americans’ consumer confidence rose slightly in June to 91.2,但仍低于去年同期水平，因伊朗战争引发的油价飙升导致通胀加剧和实际收入下降。尽管前景依然悲观，消费者支出仍维持经济增长，汽油价格回落可能改善未来预期。
- US stocks trim their losses for June
U.S. stocks reduced their June losses with the S&P 500 up 0.6% and the Nasdaq rising 1.2%, driven by a rebound in AI stocks like Nvidia. However, the S&P 500 is still on track for its first monthly decline in three months, with Oracle dropping nearly 36% for June. A resilient job market report contrasted with weaker-than-expected consumer confidence data.
- As US stock market hits new highs, 2 of 3 Americans are cutting back on spending, survey shows
U.S. consumer confidence declined in May as high gas prices and inflation reduced purchasing power, with two-thirds of Americans cutting back on spending. The economy shows a 'K-shaped' recovery, where higher-income households benefit from rising stock prices while lower-income families struggle.
- A tale of two consumer sentiment gauges
Consumer confidence declined in May according to the Conference Board, but remains higher than earlier in 2024. The University of Michigan's survey showed sharper pessimism, highlighting divergent signals based on survey structure. Both surveys point to war-driven energy shocks and inflation concerns impacting household budgets.