This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.
This Website Uses Cookies
By closing this message or continuing to use our site, you agree to our cookie policy. Learn More
This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.
search
cart
facebook twitter linkedin youtube
  • Sign In
  • Create Account
  • Sign Out
  • My Account
  • News
    • Newswire
  • Features
    • Projects
    • Companies
  • Top Lists
  • Current Issue
  • Blogs
  • Submit Your Photos
    • People
    • Events
    • Projects
  • Resources
    • Proposals & Bids
    • Industry Jobs
    • Subscribe
    • eNewsletter
    • Events
    • Advertise
    • Reprints and Plaques
    • Staff Directory
    • Construction Cities
  • ENR Home
  • Other Regions
    • ENR Home
    • California
    • MidAtlantic
    • Midwest
    • Mountain States
    • New York
    • New England
    • Northwest
    • Southeast
    • Southwest
    • Texas & Louisiana
Home » Consumer Confidence Remains Mostly Unchanged in September
Mountain States Construction NewsMountain States

Consumer Confidence Remains Mostly Unchanged in September

October 13, 2011
Reprints
No Comments

The Conference Board’s Consumer Confidence Index, which had declined sharply in August, remained essentially unchanged in September.

The index now stands at 45.4 (1985=100), up slightly from 45.2 in August. The Present Situation Index decreased to 32.5 from 34.3. The Expectations Index edged up to 54.0 from 52.4 last month.

Consumers’ assessment of current conditions weakened further in September. Those claiming business conditions are “good” decreased to 11.7% from 14.1%, while those claiming business conditions are “bad” remained virtually unchanged at 40.4%.

Consumers’ appraisal of employment conditions, however, was mixed. Those claiming jobs are “hard to get” increased to 50.0% from 48.5%, while those stating jobs are “plentiful” increased to 5.5% from 4.8%.

Consumers’ short-term outlook, which had deteriorated sharply last month, improved slightly in September. Those expecting business conditions to improve over the next six months decreased to 11.3% from 11.8%, while those expecting business conditions to worsen declined to 22.6% from 24.6%.

Consumers were also slightly less pessimistic about the outlook for the job market. Those anticipating more jobs in the months ahead edged up to 12.0% from 11.8%, while those expecting fewer jobs declined to 28.6% from 31.2%. The proportion of consumers anticipating an increase in their incomes, however, declined to 13.3% from 14.3%.

“The pessimism that shrouded consumers in August spilled over into September. Consumer expectations, which had plummeted in August, posted a marginal gain,” said Lynn Franco, director of The Conference Board Consumer Research Center. “However, consumers expressed greater concern about their expected earnings, a sign that does not bode well for spending. In addition, consumers’ assessment of current conditions declined for the fifth consecutive month, a sign that the economic environment remains weak.”

The monthly Consumer Confidence Survey, based on a probability-design random sample, is conducted for The Conference Board by Nielsen, a leading global provider of information and analytics around what consumers buy and watch. The cutoff date for the preliminary results was September 15.

ENR Subscribe

Related Articles

Consumer Confidence Virtually Unchanged in April

Consumer Confidence Virtually Unchanged in July

Related Products

ENR September 16, 2019 Issue

Post a comment to this article

Report Abusive Comment


Top Lists

Top Design FirmsTop Design Firms
Regional Design Work Remains Steady Even as Fees Tighten, Uncertainties Rise


Top ContractorsTop Contractors
Regional Contractors See Market Strength Continuing Through 2020


Top Specialty ContractorsTop Specialty Contractors
Subcontractors Can Expect More Growth, Labor Shortages in 2019



Industry Jobs

Videos

ENR Proposals and Bids


ENR twitterfeed
Tweets by ENR_MS

ENR

ENR December 16, 2019 cover

Dec 16, 2019

To attract a broader and more diverse workforce, companies and unions are courting the LGBTQ+ community and strengthening recruiting and retention efforts.

View More Create Account
  • Resources
    • advertise
    • contact us
    • about us
    • photo submissions
    • customer service
    • digital edition
    • Survey And Sample
  • Subscription Center
    • Subscribe
    • Website Registration
    • Privacy Policy
    • eNewsletters
    • FAQ
  • Multimedia
    • Videos
    • Slideshows
    • Photo Contest

Copyright ©2019. All Rights Reserved BNP Media.

Design, CMS, Hosting & Web Development :: ePublishing