Consumer confidence dips in July.July July: see month. Results 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 , which had increased in June June: see month. , dipped dip v. dipped, dip·ping, dips v.tr. 1. To plunge briefly into a liquid, as in order to wet, coat, or saturate. 2. in July. The Index now stands at 103.2 (1985=100), down from 1116.2 in June. The Present Situation Index decreased to 118.5 from 120.8. The Expectations Index declined to 93.0 from 96.4 last month. The Consumer Confidence Survey is based on a representative sample of 5,000 U.S. households. The monthly survey is conducted for The Conference Board by TNS TNS transcutaneous neural stimulation. 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 . TNS NFO is one of the TNS group of companies (LSE LSE - Language Sensitive Editor : TNN TNN The National Network (formerly The Nashville Network) TNN The Nashville Network (now The National Network) TNN The Nerd Network (online gaming clan) ). The cutoff date for July's preliminary results was July 19th. Consumers' overall assessment of ongoing conditions was somewhat mixed in July. The percentage claiming business conditions are "bad" increased to 16.0 percent from 15.3 percent. However, those claiming conditions are "good" improved to 28.7 percent from 26.7 percent. The employment picture was also mixed. Consumers saying jobs are "hard to get" increased to 23.8 percent from 22.5 percent, but those claiming jobs are "plentiful plen·ti·ful adj. 1. Existing in great quantity or ample supply. 2. Providing or producing an abundance: a plentiful harvest. " held steady at 22.5 percent. Consumers' outlook for the short-term Short-term Any investments with a maturity of one year or less. short-term 1. Of or relating to a gain or loss on the value of an asset that has been held less than a specified period of time. future was marginally mar·gin·al adj. 1. Of, relating to, located at, or constituting a margin, a border, or an edge: the marginal strip of beach; a marginal issue that had no bearing on the election results. 2. less favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. than in June. Those anticipating business conditions to improve declined to 17.6 percent from 19.5 percent. Consumers expecting business conditions to worsen wors·en tr. & intr.v. wors·ened, wors·en·ing, wors·ens To make or become worse. worsen Verb to make or become worse worsening adjn edged up to 9.6 percent from 9.0 percent. The outlook for the labor market labor market A place where labor is exchanged for wages; an LM is defined by geography, education and technical expertise, occupation, licensure or certification requirements, and job experience , however, was mixed. The percentage of consumers expecting more jobs to become available in the coming months edged up to 15.8 percent from 15.4 percent, while those expecting fewer jobs also edged up, 16.8 percent in July versus 16.4 percent in June. The proportion of consumers anticipating their incomes to increase in the months ahead declined to 18.6 percent from 19.9 percent last month. This month's decline in Consumer Confidence is no cause for concern. The overall state of the economy remains healthy and consumers' outlook suggests no storm clouds on the short-term horizon. Even the steady upward tick tick: see mite. tick Any of some 825 parasitic arachnid species (suborder Ixodida, order Parasitiformes), found worldwide. Adults may be slightly more than an inch (30 mm) long, but most species are much smaller. of fuel prices at the pump has done relatively little to dampen consumers' spirits. Yet. while there is little to suggest a downturn Downturn The transition point between a rising, expanding economy to a falling, contracting one. downturn A decline in security prices or economic activity following a period of rising or stable prices or activity. in activity, there is also little to suggest a pickup Pickup A gain in yield made by selling one bond and buying another. Also referred to as "yield pickup." Notes: When the present yield is relatively low compared to the longer-term yields, pickups will be done by investors trying to increase the yield and duration of their .
All series 2004
seasonally adjusted July Aug. Sept. Oct. Nov. Dec.
Composite Series: Index Numbers, 1985=100
Consumer Confidence Index 105.7 98.7 96.7 92.9 92.6 102.7
Present Situation 106.4 100.7 95.3 94.0 96.3 105.7
Expectations 105.3 97.3 97.7 92.2 90.2 100.7
Appraisal of Present Situation: Percent
Business Conditions
Good 25.2 23.0 23.4 21.6 23.2 24.4
Bad 19.1 20.2 20.4 21.4 20.2 17.8
Normal 55.7 56.8 56.2 57.0 56.6 57.8
Employment
Jobs plentiful 19.7 18.4 16.6 17.4 17.1 19.4
Jobs not so plentiful 54.6 55.6 55.4 54.7 54.9 54.2
Jobs hard to get 25.7 26.0 28.0 27.9 28.0 26.4
Expectations for Six Months Hence: Percent
Business Conditions
Better 23.0 20.2 21.6 20.7 20.3 22.4
Worse 7.1 8.8 9.4 10.5 11.4 7.7
Same 69.9 71.0 69.0 68.8 68.3 69.9
Employment
More jobs 19.5 16.3 17.8 16.7 17.6 16.4
Fewer jobs 13.5 15.1 16.2 18.3 19.3 15.3
Same 67.0 68.6 66.0 65.0 63.1 68.3
Income
Increase 18.0 19.7 20.0 19.0 19.2 21.0
Decrease 8.5 9.2 9.2 9.5 10.6 8.5
Same 73.5 71.1 70.8 71.5 70.2 70.5
Plans to Buy Within Six Months: Percent
Automobile
Yes 6.8 6.5 6.3 7.6 4.6 6.6
New 3.3 2.9 2.6 3.2 2.1 3.2
Used 2.5 2.5 2.5 3.2 1.8 2.4
Uncertain 1.0 1.1 1.2 1.2 0.7 1.0
Home
Yes 4.1 3.9 3.9 3.6 2.6 3.5
New 0.9 1.3 1.0 0.9 0.7 1.1
Lived in 2.1 1.7 2.0 1.4 1.3 1.2
Uncertain 1.1 0.9 0.9 1.3 0.6 1.2
Major appliances
Total plans 30.4 29.0 29.8 27.8 25.3 30.1
Refrigerator 4.1 4.2 5.1 4.3 4.2 4.1
Washing machine 4.5 3.6 3.6 3.8 3.5 4.0
TV Set 7.4 7.5 6.6 7.5 6.4 8.2
Vacuum Cleaner 5.4 5.5 5.8 4.5 4.7 5.3
Range 3.2 3.0 3.4 3.2 2.6 3.2
Clothes dryer 3.8 3.4 3.0 3.1 2.6 3.7
Air conditioner 2.0 1.8 2.3 1.4 1.3 1.6
Carpet 6.0 5.4 5.3 5.0 4.0 5.2
Vacation Intended Within
Six Months: Percent
Vacation Intended 42.1 47.8 48.5
Destination
U.S. 34.9 39.7 39.4
Foreign country 8.4 9.3 10.1
Means of Travel
Automobile 21.8 25.4 25.5
Airplane 18.5 18.4 18.7
Other 4.1 4.7 5.2
All series 2005
seasonally adjusted Jan. Feb. Mar. Apr. May
Composite Series: Index Numbers, 1985=100
Consumer Confidence Index 105.1 104.4 103.0 97.5 103.1
Present Situation 112.1 116.8 117.0 113.8 117.8
Expectations 100.4 96.1 93.7 86.7 93.4
Appraisal of Present Situation: Percent
Business Conditions
Good 26.1 24.6 26.3 26.4 26.7
Bad 18.1 15.7 15.8 17.6 16.4
Normal 55.8 59.7 57.9 56.0 56.9
Employment
Jobs plentiful 21.0 21.1 21.8 20.4 22.9
Jobs not so plentiful 54.7 56.5 54.4 56.7 53.0
Jobs hard to get 24.3 22.4 23.8 22.9 24.1
Expectations for Six Months Hence: Percent
Business Conditions
Better 22.0 17.9 19.3 17.7 19.0
Worse 7.8 7.8 8.2 9.9 9.5
Same 70.2 74.3 72.5 72.4 71.5
Employment
More jobs 16.6 15.0 15.1 14.0 15.2
Fewer jobs 15.1 16.5 15.8 18.4 16.0
Same 68.3 68.5 69.1 67.6 68.8
Income
Increase 19.0 18.7 17.2 16.8 17.8
Decrease 8.1 7.3 9.6 9.7 8.6
Same 72.9 74.0 73.2 73.5 73.6
Plans to Buy Within Six Months: Percent
Automobile
Yes 7.2 7.2 5.7 5.8 7.8
New 2.4 3.0 3.0 2.8 4.1
Used 4.0 3.1 1.9 2.4 2.6
Uncertain 0.8 1.1 0.8 0.6 1.1
Home
Yes 3.5 4.1 3.8 4.1 3.5
New 0.9 1.3 1.4 1.1 1.4
Lived in 1.6 1.8 1.7 1.5 1.4
Uncertain 1.0 1.0 0.7 1.5 0.7
Major appliances
Total plans 28.3 28.2 30.8 32.6 33.1
Refrigerator 5.2 4.4 5.3 4.7 5.3
Washing machine 3.0 3.8 4.3 3.7 4.1
TV Set 7.2 7.2 7.5 7.5 8.7
Vacuum Cleaner 5.5 5.0 5.5 5.9 6.4
Range 2.8 2.7 3.0 4.4 3.4
Clothes dryer 2.9 3.5 3.9 4.5 3.7
Air conditioner 1.7 1.6 1.3 1.9 1.5
Carpet 6.1 4.3 5.3 5.3 5.9
Vacation Intended Within
Six Months: Percent
Vacation Intended 42.9 42.3
Destination
U.S. 36.5 35.2
Foreign country 8.5 9.0
Means of Travel
Automobile 22.9 21.0
Airplane 19.3 21.1
Other 3.1 4.1
All series 2005
seasonally adjusted June(r) July(p)
Composite Series: Index
Numbers, 1985=100
Consumer Confidence Index 106.2 103.2
Present Situation 120.8 118.5
Expectations 96.4 93.0
Appraisal of Present
Situation: Percent
Business Conditions
Good 26.7 28.7
Bad 15.3 16.9
Normal 58.0 54.4
Employment
Jobs plentiful 22.5 22.5
Jobs not so plentiful 55.0 53.7
Jobs hard to get 22.5 23.8
Expectations for Six
Months Hence: Percent
Business Conditions
Better 19.5 17.6
Worse 9.0 9.6
Same 71.5 72.8
Employment
More jobs 15.4 15.8
Fewer jobs 16.4 16.8
Same 68.2 67.4
Income
Increase 19.9 18.6
Decrease 7.5 8.4
Same 72.6 73.0
Plans to Buy Within
Six Months: Percent
Automobile
Yes 6.6 7.2
New 2.8 3.0
Used 3.1 3.1
Uncertain 0.7 1.1
Home
Yes 3.6 3.6
New 1.0 1.0
Lived in 1.7 1.7
Uncertain 0.9 0.9
Major appliances
Total plans 32.4 30.9
Refrigerator 4.8 5.0
Washing machine 4.3 3.8
TV Set 8.3 6.8
Vacuum Cleaner 5.5 6.4
Range 3.1 3.9
Clothes dryer 4.4 3.2
Air conditioner 2.0 1.8
Carpet 4.8 5.7
Vacation Intended Within
Six Months: Percent
Vacation Intended 42.4
Destination
U.S. 35.5
Foreign country 8.5
Means of Travel
Automobile 22.0
Airplane 20.6
Other 3.6
(p)--preliminary (r)--revised
A monthly report from
The Consumer Research Center
Copyright [c] 2005
by The Conference Board, Inc.
All rights reserved.
ISSN 1046-1876
The Conference Board, 845 Third Avenue, New York, NY 10022-6679/
212 759 0900
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Brussels, Belgium 32 2 675 54 05
The Conference Board of Canada, 255 Smyth Road, Ottawa, Ontario,
K1H-8M7, Canada 613 526 3280
The Conference Board and the torch logo are registered trademarks of
The Conference Board, Inc.
Inflation Interest Rates Stock Prices
Not Seasonally 2004 2005
Adjusted July Aug. Sept. Oct. Nov. Dec. Jan. Feb.
Expectations for Twelve Months Hence: Percent
Inflation Rate
Average 4.4 4.5 4.5 5.0 4.8 4.7 4.5 4.4
Interest Rates
Higher 75.3 69.7 67.6 70.1 67.3 69.2 70.3 71.2
Same 19.3 22.9 26.0 23.4 26.6 24.2 24.1 22.6
Lower 5.4 7.4 6.4 6.5 6.1 6.6 5.6 6.2
Stock Prices
Increase 39.0 33.5 36.9 33.2 41.6 39.3 39.4 39.4
Same 41.3 41.8 41.7 41.8 40.2 40.7 41.3 41.2
Decrease 19.7 24.7 21.4 25.0 18.2 20.0 19.3 19.4
Not Seasonally 2005
Adjusted Mar. Apr. May June(r) July(p)
Expectations for Twelve Months Hence: Percent
Inflation Rate
Average 4.8 5.5 4.8 4.8 4.7
Interest Rates
Higher 69.9 73.9 76.1 68.3 69.6
Same 22.5 18.8 18.5 24.6 23.7
Lower 7.6 7.3 5.4 7.1 6.7
Stock Prices
Increase 37.1 30.5 33.3 35.2 32.0
Same 41.3 40.6 40.2 42.1 44.9
Decrease 21.6 28.9 26.5 22.7 23.1
All series 2004
seasonally adjusted July Aug. Sept. Oct. Nov. Dec.
Consumer Confidence Index, 1985 = 100
Age of Household Head
Under 35 112.1 114.6 109.3 105.9 95.8 114.0
35-54 103.8 95.3 97.9 96.8 89.0 99.3
55 and over 103.4 95.7 90.3 83.4 93.7 101.6
Household Income
Under $15,000 71.6 66.2 61.1 61.2 59.4 72.5
$15,000-24,999 89.0 83.6 78.1 73.1 73.1 79.6
$25,000-34,999 93.9 79.5 94.5 95.2 86.8 93.8
$35,000-49,999 101.7 104.9 97.7 89.5 91.0 107.5
$50,000 and over 125.2 116.6 113.6 108.2 110.5 119.6
All series 2005
seasonally adjusted Jan. Feb. Mar. Apr. May June(r)
Consumer Confidence Index, 1985 = 100
Age of Household Head
Under 35 116.5 107.7 108.5 114.3 123.7 118.6
35-54 103.2 104.2 100.8 97.0 100.7 109.7
55 and over 101.2 100.8 100.8 90.0 96.3 96.7
Household Income
Under $15,000 75.6 73.5 65.9 65.7 80.8 82.1
$15,000-24,999 88.5 84.7 94.8 79.2 85.3 82.2
$25,000-34,999 92.5 96.9 96.0 84.9 93.3 101.4
$35,000-49,999 104.7 106.0 96.8 96.4 96.0 105.5
$50,000 and over 122.5 121.9 120.1 114.9 120.9 121.4
3 mos.
All series 2005 Percent
seasonally adjusted July(p) Change *
Consumer Confidence
Index, 1985 = 100
Age of Household Head
Under 35 122.7 10.4
35-54 99.6 2.6
55 and over 98.6 0.0
Household Income
Under $15,000 69.3 13.2
$15,000-24,999 84.4 -2.6
$25,000-34,999 88.2 1.8
$35,000-49,999 111.5 4.6
$50,000 and over 120.3 1.6
* Percent Change: Average of last three months shown as compared with
preceding three months. Age and Income data have been adjusted for
seasonal variations.
Consumer Confidence by Region
Seasonally Unadjusted 2004
Index numbers:
U.S. Average, 1985 = 100 June July Aug. Sept. Oct.
New England
Consumer Confidence Index 100.1 101.4 82.3 77.1 87.7
Present Situation 101.0 102.9 95.5 83.3 91.4
Expectations 99.6 100.3 73.5 72.9 85.3
Middle Atlantic
Consumer Confidence Index 82.9 89.5 84.9 89.0 78.9
Present Situation 83.1 92.4 92.3 80.7 86.5
Expectations 82.8 87.5 80.0 94.6 73.9
East North Central
Consumer Confidence Index 79.8 87.4 82.2 77.4 78.0
Present Situation 82.6 79.7 73.6 69.1 80.5
Expectations 78.0 92.5 88.0 82.9 76.4
West North Central
Consumer Confidence Index 100.0 109.9 96.0 95.1 93.7
Present Situation 108.6 116.5 100.5 103.1 104.4
Expectations 94.3 105.6 92.9 89.8 86.6
South Atlantic
Consumer Confidence Index 118.8 117.5 104.1 110.8 113.4
Present Situation 134.7 127.5 116.6 122.1 120.4
Expectations 108.2 110.9 95.8 103.3 108.7
East South Central
Consumer Confidence Index 105.1 104.2 97.9 89.4 105.0
Present Situation 115.3 107.7 99.4 101.2 112.2
Expectations 98.3 101.8 96.9 81.6 100.2
West South Central
Consumer Confidence Index 109.3 104.6 106.4 107.8 106.3
Present Situation 110.3 110.4 104.8 103.2 108.8
Expectations 108.7 100.7 107.5 110.9 104.6
Mountain
Consumer Confidence Index 122.0 112.7 106.1 116.0 111.0
Present Situation 127.7 118.7 109.5 137.9 115.4
Expectations 118.2 108.7 103.9 101.5 108.1
Pacific
Consumer Confidence Index 103.3 111.4 104.4 106.3 102.2
Present Situation 103.6 109.0 107.7 105.7 101.9
Expectations 103.2 113.1 102.2 106.7 102.4
Seasonally Unadjusted 2004 2005
Index numbers:
U.S. Average, 1985 = 100 Nov. Dec. Jan. Feb. Mar.
New England
Consumer Confidence Index 88.5 102.4 98.9 109.7 104.2
Present Situation 99.5 109.7 101.9 129.3 117.6
Expectations 81.2 97.6 96.9 96.6 95.4
Middle Atlantic
Consumer Confidence Index 67.9 83.7 86.7 89.0 83.9
Present Situation 66.4 94.8 84.0 82.3 89.7
Expectations 69.0 76.3 88.5 93.4 80.0
East North Central
Consumer Confidence Index 80.7 80.0 87.0 84.0 83.6
Present Situation 77.2 67.6 79.7 78.0 74.7
Expectations 83.1 88.2 91.9 88.0 89.6
West North Central
Consumer Confidence Index 103.9 111.1 104.7 117.5 91.3
Present Situation 120.9 112.6 101.3 131.8 93.7
Expectations 92.6 110.2 107.0 107.9 89.8
South Atlantic
Consumer Confidence Index 112.2 118.2 114.5 120.7 121.7
Present Situation 129.3 135.8 132.0 138.0 142.6
Expectations 100.8 106.5 102.8 109.2 107.9
East South Central
Consumer Confidence Index 100.2 100.6 115.6 99.3 116.1
Present Situation 109.1 110.3 123.1 102.3 127.5
Expectations 94.2 94.2 110.7 97.3 108.4
West South Central
Consumer Confidence Index 107.7 107.8 125.7 115.5 113.4
Present Situation 115.8 121.0 128.8 112.1 127.8
Expectations 102.3 99.0 123.7 117.9 103.8
Mountain
Consumer Confidence Index 95.1 121.4 119.2 115.8 117.8
Present Situation 110.1 134.6 126.1 128.1 129.3
Expectations 85.1 112.6 114.5 107.7 110.1
Pacific
Consumer Confidence Index 98.2 102.9 110.6 102.9 106.1
Present Situation 96.8 109.2 108.8 106.7 116.1
Expectations 99.2 98.7 111.8 100.4 99.4
Seasonally Unadjusted 2005
Index numbers:
U.S. Average, 1985 = 100 Apr. May June(r) July(p)
New England
Consumer Confidence Index 74.4 90.6 97.1 79.4
Present Situation 90.2 108.9 119.8 111.3
Expectations 63.9 78.4 81.9 58.2
Middle Atlantic
Consumer Confidence Index 79.2 70.7 87.9 86.2
Present Situation 86.7 81.9 108.2 105.8
Expectations 74.3 63.2 74.4 73.2
East North Central
Consumer Confidence Index 71.6 76.8 79.5 79.0
Present Situation 69.5 77.9 79.8 81.5
Expectations 73.0 76.1 79.4 77.3
West North Central
Consumer Confidence Index 103.4 100.0 103.7 90.8
Present Situation 127.7 115.0 131.9 126.2
Expectations 87.2 90.0 85.0 67.3
South Atlantic
Consumer Confidence Index 109.0 120.6 123.4 113.4
Present Situation 134.2 143.7 150.3 137.5
Expectations 92.2 105.1 105.5 97.4
East South Central
Consumer Confidence Index 107.7 101.5 107.3 105.1
Present Situation 117.2 109.3 119.9 114.7
Expectations 101.3 96.2 98.9 98.7
West South Central
Consumer Confidence Index 113.6 113.8 113.4 113.8
Present Situation 127.3 130.2 130.1 121.6
Expectations 104.5 102.9 102.2 108.6
Mountain
Consumer Confidence Index 112.8 120.2 130.1 123.9
Present Situation 128.3 147.8 149.3 141.9
Expectations 102.5 101.9 117.3 112.0
Pacific
Consumer Confidence Index 101.6 106.6 109.0 112.2
Present Situation 118.5 120.0 122.8 129.8
Expectations 90.3 97.6 99.8 100.5
Seasonally Unadjusted May,June,July
Index numbers: Percent
U.S. Average, 1985 = 100 2004 2005 Change
New England
Consumer Confidence Index 94.4 89.0 -5.7
Present Situation 94.5 113.3 19.9
Expectations 94.3 72.8 -22.8
Middle Atlantic
Consumer Confidence Index 83.7 81.6 -2.5
Present Situation 82.7 98.6 19.3
Expectations 84.4 70.3 -16.8
East North Central
Consumer Confidence Index 82.2 78.5 -4.5
Present Situation 77.0 79.7 3.5
Expectations 85.6 77.6 -9.3
West North Central
Consumer Confidence Index 98.7 98.2 -0.6
Present Situation 106.1 124.4 17.3
Expectations 93.9 80.8 -14.0
South Atlantic
Consumer Confidence Index 115.2 119.1 3.4
Present Situation 127.9 143.8 12.5
Expectations 106.8 102.7 -3.9
East South Central
Consumer Confidence Index 96.7 104.6 8.1
Present Situation 100.7 114.6 13.8
Expectations 94.1 97.9 4.1
West South Central
Consumer Confidence Index 102.3 113.7 11.1
Present Situation 103.4 127.3 23.1
Expectations 101.5 104.6 3.0
Mountain
Consumer Confidence Index 111.3 124.8 12.1
Present Situation 114.9 146.3 27.4
Expectations 109.0 110.4 1.3
Pacific
Consumer Confidence Index 103.6 109.2 5.4
Present Situation 98.3 124.2 26.3
Expectations 107.1 99.3 -7.3
* Percent Change: Average of last three months shown as compared with
the same period a year ago. Regional data are not adjusted for seasonal
variation.
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