Recent Updates
- US: Consumer Sentiment (Jan-prelim), IP & Capacity Utilization (Dec)
- Consumer Sentiment (Jan-prelim)
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- Canada: CPI (Dec), Intl Transactions in Securities (Nov)
- Canada Regional: CPI by Province (Dec)
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Economy in Brief
Delay in Release
of Data for Construction, MSIO, Intl Trade, Wholesale Trade, Monthly Treasury, Retail Sales, Business Sales & Inventories, and Housing Starts Due to Lapse in Federal Government Funding.
U.K. Retail Sales Begin to Lose Momentum
U.K. retail sales fell by a sharp 1% in December...
Philadelphia Fed Manufacturing Index Rebounds; Pricing Pressure Eases
The Philadelphia Fed reported that its General Factory Sector Business Conditions Index increased to 17.0 during January...
U.S. Initial Unemployment Insurance Claims Slip
Initial claims for jobless insurance eased to 213,000 (-2.6% y/y) during the week ended January 12...
Passenger Car Registrations Hold to Low Ground in Europe
Passenger car registrations in Europe fell on a year-over-year comparison for the fourth consecutive months in December...
by Tom Moeller June 28, 2005
The Index of Consumer Confidence from the Conference Board rose another 2.6% in June to 105.8 following an upwardly revised gain in May. Consensus expectations had been for a lesser increase to 104.1.
During the last twenty years there has been a 52% correlation between the level of consumer confidence and the y/y change in real consumer spending. The correlation rose to 66% during the last ten years.
Consumer expectations rose again for the second month to the highest level since February (-5.0% y/y). Expectations for business conditions and income rose.
The present situation index rose for the fifth month this year (+14.0% y/y). Jobs were viewed as hard to get by a net 22.6% of survey participants, near the lowest level in three years.
The Conference Board’s survey isconducted by a mailed questionnaire to 5,000 households and about 3,500 typically respond.
| Conference Board | June | May | Y/Y | 2004 | 2003 | 2002 |
|---|---|---|---|---|---|---|
| Consumer Confidence | 105.8 | 103.1 | 2.9% | 96.1 | 79.8 | 96.6 |
