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Consumer confidence

February was another disappointment for retail sales

by Samantha Fields
Mar 16, 2022
They've been up and down like a bouncing ball for the past few months.
Not adjusting for inflation, retail sales in February were up just 0.3% over January. Factoring in inflation, they were actually down.
Patrick T. Fallon/AFP via Getty Images
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COVID-19

Consumer confidence rises, undeterred by omicron

by Amanda Peacher
Dec 22, 2021
Americans are reassured that businesses are still operating. Yet some economic uncertainty lingers.
The spread of the new coronavirus variant hasn't seemed to dampen consumer confidence, which reached 115.8 in December. However, that remains below pre-pandemic levels.
Brandon Bell via Getty Images
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Dented by the delta variant, consumer confidence now confronts omicron

by Justin Ho
Nov 30, 2021
Confidence ticked down in November, but so far, each wave of COVID seems to have less of an impact on how consumers feel.
Shoppers stroll in a Houston mall on Black Friday. Though consumer confidence may dip if the omicron variant spreads, higher vaccination rates and a strong job market may help.
Brandon Bell via Getty Images
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COVID-19

Our feelings about jobs and the economy have parted ways

by Kristin Schwab
Nov 1, 2021
Many people are happy with the job market — higher wages and more openings. Fewer people like where the overall economy is headed.
Though consumers' views of the job market and the economy are diverging, it's unlikely to stick, experts say. Above, traders on the floor of the New York Stock Exchange.
Spencer Platt via Getty Images
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Consumers’ confidence, spending less buoyant than their job prospects

by Mitchell Hartman
Oct 1, 2021
Inflation is eating away at incomes while the delta variant is discouraging consumers from going out and spending.
After accounting for inflation, the August consumer spending and income statistics were unimpressive.
Drew Angerer via Getty Images
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Jobless claims are upbeat, but consumer confidence is still a wild card

by Amanda Peacher
Sep 2, 2021
The delta variant is causing some consumer pullback, and the expiration of pandemic unemployment benefits on Sept. 5 could play a role in spending.
Consumer spending accounts for 70% of the economy.
Spencer Platt/Getty Images
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For consumers, gloomy times may translate to less spending

by Mitchell Hartman
Aug 31, 2021
But as long as people are holding onto their jobs, they'll still have money to buy.
The Consumer Confidence Index helps provide a picture of how people feel about the economy.
Kevin Hagen/Getty Images
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COVID-19

Consumer sentiment plummeted in early August, driven by surge of delta variant

by Mitchell Hartman
Aug 13, 2021
The University of Michigan's consumer sentiment index shows the rise of the delta variant this summer has curbed spending.
An empty New York restaurant in May 2020. A resurgence of COVID cases is weighing on consumers' moods, especially among the vaccinated.
Spencer Platt via Getty Images
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How are consumers feeling about the economy?

by Mitchell Hartman
Jul 30, 2021
There have been signs of robust economic growth, but consumer concerns are rising ... along with the surge of the Delta variant of COVID-19.
Some economists worry that the latest COVID-19 delta variant surge will make shoppers pull back again.
Angela Weiss/AFP via Getty Images
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COVID-19

Some signs point to falling consumer confidence as delta rises

by Marielle Segarra
Jul 26, 2021
Later this week we will learn how much consumers spent in June, and on what. But that might not be the best picture of what's going on now.
People walk through a shopping district in Brooklyn, New York. Recent surveys show a decline in consumer sentiment and concern about returning to offices and public spaces.
Spencer Platt via Getty Images
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