CONSUMER CONFIDENCE DIPS, CONFERENCE BOARD REPORTS.NEW YORK--(BUSINESS WIRE)--September 26, 1995--The Conference Board's Consumer Confidence Index Consumer Confidence Index A measure of consumer views regarding the current economic situation and consumer expectations for the future. Information for the index is compiled and released on the last Tuesday of each month by the Conference Board, an , after rising in July and August, fell back in September. The Index (1985=100) reached 97.4 in September, down five points from August. Consumers' assessment of current conditions, as well as expectations for the next six months, declined this month. A year ago (September 1994), the Consumer Confidence Index was 89.5. The Conference Board's Confidence Survey is based on a representative sample of 5,000 U.S. households. It is conducted monthly for The Conference Board by NFO NFO Info File (file type extension) NFO New Fund Offer NFO National Farmers Organization NFO Naval Flight Officer (US Navy) NFO National Family Opinion Research, Inc., of Greenwich, Connecticut Greenwich is a town in Fairfield County, Connecticut, United States. As of the 2000 census, the town had a total population of 61,101. It is home to many hedge funds and other financial service companies that have left Manhattan. Of the $1. . CONFIDENCE LEVELS STILL STRONG "Despite this latest dip, the current level of consumer confidence has been historically associated with healthy economic activity," notes Fabian Linden Linden, city, United States Linden, city (1990 pop. 36,701), Union co., NE N.J., in the New York metropolitan area; inc. 1925. During the first half of the 20th cent. , Executive Director of The Conference Board's Consumer Research Center. "Confidence levels over the last three months parallel the fairly strong figures registered during the second quarter. The latest Index reading reflects a modest U.S. unemployment rate and low inflation -- circumstances that continue to be reassuring re·as·sure tr.v. re·as·sured, re·as·sur·ing, re·as·sures 1. To restore confidence to. 2. To assure again. 3. To reinsure. for the economy in the months ahead." Less than 24% label business conditions as "good," down from nearly 27% in August. Slightly fewer consumers now say that jobs are "plentiful," with a somewhat larger proportion of consumers reporting that jobs are "hard to get." More than 17% look for business conditions to improve during the next six months, roughly unchanged from August. Optimists continue to outnumber out·num·ber tr.v. out·num·bered, out·num·ber·ing, out·num·bers To exceed the number of; be more numerous than. outnumber Verb to exceed in number: pessimists by a considerable margin on this issue. But 19% look for "fewer jobs" in the months ahead, up from less than 16% in August. Compared with August, a smaller proportion of consumers expect their families' incomes to rise in the next six months. Buying plans were mixed in September, with fewer consumers planning to buy homes and major appliances A major appliance is usually defined as a large machine which accomplishes some routine housekeeping task, which includes purposes such as cooking, food preservation, or cleaning, whether in a household, institutional, commercial or industrial setting. . -0- Source: Consumer Confidence Survey September 1995 The Conference Board CONTACT: Fabian Linden (212) 339-0303 or Lynn Franco The Conference Board (212) 339-0344 |
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