Seems the Family of Economic Indices Has the Flu as Well?

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Posted by Press Releases+ on 30-Jan-2013 in books, economics, ramblings, The HRIS World Resources | 0 comments

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NEW YORK, Jan. 29, 2013 /PRNewswire/ — The Conference Board Consumer Confidence Index^®, which had declined in December, fell further in January.

The Consumer Confidence Index now stands at 58.6 (1985=100), down from 66.7 in December.

The Expectations Index declined to 59.5 from 68.1.

The Present Situation Index decreased to 57.3 from 64.6 last month.

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 January 17.

Says Lynn Franco, Director of Economic Indicators at The Conference Board: “Consumer Confidence posted another sharp decline in January, erasing all of the gains made through 2012.

“Consumers are more pessimistic about the economic outlook and, in particular, their financial situation.

“The increase in the payroll tax has undoubtedly dampened consumers’ spirits and it may take a while for confidence to rebound and consumers to recover from their initial paycheck shock.”

More On This Topic

For any investor, understanding the expected rewards that markets offer is central to long-term investment success.

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Expected Returns is a one-stop reference that gives investors a comprehensive toolkit for harvesting market rewards from a wide range of investments. Written by an experienced portfolio manager, scholar, strategist, investment advisor and hedge fund trader, this book challenges investors to broaden their minds from a too-narrow asset class perspective and excessive focus on historical performance.

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SOURCE January 2013 Consumer Confidence Survey^®; The Conference Board

CONTACT :

Carol Courter, +1-212-339-0232, courter@conference-board.org
Jonathan Liu, +1-212-339-0257, jonathan.liu@conference-board.org

Web Site : http://www.conference-board.org

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