Money Matters - Simplified

Consumer confidence

Consumer confidence declined in July

New York -- U.S. consumer confidence fell in July for the second consecutive month, the Conference Board said Tuesday.

The monthly Consumer Confidence Index, which uses 1985 as a base year with an assigned value of 100, fell from 54.3 in June to 50.4, the research group said.
Prior to June, the index had risen for three consecutive months.

In July, the monthly survey of 5,000 households found the number of respondents indicating economic conditions were "good" increased from 8.4 percent to 9 percent. However, the number of respondents indicating conditions were "bad" rose from 41 percent to 43.6 percent.

Consumer confidence dropped in June

New York -- U.S. consumer confidence fell sharply in June after three consecutive months of increases, the Conference Board said Tuesday.

The monthly Consumer Confidence Index, which uses 1985 as a base year with an assigned value of 100, fell from 62.7 in May to 52.9, the research group said.

In June, the monthly survey of 5,000 households found the number of respondents indicating economic conditions were "good" fell from 9.7 percent to 8 percent. The number of respondents indicating conditions were "bad" rose from 39.5 percent to 42.4 percent.

Pending home sales surge 6% in April

Benefiting from federal tax credit and recovering housing market, pending home sales in the nation surged by 6 percent in April, according to a report released by National Association of Realtors, North America's largest trade association.

Home sales decline to 7-month low--report

Dashing hopes that the housing sector is rebounding, a report released Friday shows that the sale of previously-owned homes slipped in January, stumbling for the second month consecutively.

Consumer confidence rises for two months

New York-- The Conference Board said Tuesday its monthly index of consumer confidence in the United States rose for the second straight month in May.

The monthly index compiled from a survey of 5,000 households taken early in the month, showed confidence rising from 40.8 to 54.9. The Present Situation Index rose from 25.5 to 28.9, while the Expectations Index soared from 51 to 72.3, the report said.

"After two months of significant improvements, the Consumer Confidence Index is now at its highest level in eight months," said Lynn Franco, director of the Conference Board Consumer Research Center.