Consumer confidence

Redline Survey Reveals Professional Vehicle Photography Significantly Boosts Consumer Confidence and Dealership Profits

Retrieved on: 
onsdag, maj 22, 2024

Redline , a leader in automotive solutions, has recently completed a comprehensive survey revealing the substantial impact of professional vehicle photography on consumer behavior and dealership success.

Key Points: 
  • Redline , a leader in automotive solutions, has recently completed a comprehensive survey revealing the substantial impact of professional vehicle photography on consumer behavior and dealership success.
  • View the full release here: https://www.businesswire.com/news/home/20240522015494/en/
    Redline Survey Reveals Professional Vehicle Photography Significantly Boosts Consumer Confidence and Dealership Profits (Photo: Business Wire)
    The survey also revealed that 87% of consumers would click the vehicle showing a clear, well-lit, well-framed photo versus 13% of a vehicle with a blurry, poorly lit or poorly framed photo.
  • "Our survey demonstrates that professional vehicle photography is not just about aesthetics; it directly influences consumer trust, confidence, and ultimately, a dealership's bottom line," said Mike McGlade, CEO of Redline.
  • To learn more about how Redline can help a dealership with their photography, visit www.redlineadvantage.com

The Conference Board Employment Trends Index™ (ETI) Decreased in April

Retrieved on: 
måndag, maj 6, 2024

NEW YORK, May 6, 2024 /PRNewswire/ -- The Conference Board Employment Trends Index™ (ETI) decreased in April to 111.25, from a downwardly revised 112.16 in March. The Employment Trends Index is a leading composite index for employment. When the Index increases, employment is likely to grow as well, and vice versa. Turning points in the Index indicate that a change in the trend of job gains or losses is about to occur in the coming months.

Key Points: 
  • NEW YORK, May 6, 2024 /PRNewswire/ -- The Conference Board Employment Trends Index™ (ETI) decreased in April to 111.25, from a downwardly revised 112.16 in March.
  • The Employment Trends Index is a leading composite index for employment.
  • "The ETI fell in April, a sign that employment growth could stall in the second half of 2024," said Will Baltrus, Associate Economist at The Conference Board.
  • The Employment Trends Index aggregates eight leading indicators of employment, each of which has proven accurate in its own area.

US Consumer Confidence Retreats in April

Retrieved on: 
tisdag, april 30, 2024

NEW YORK, April 30, 2024 /PRNewswire/ -- The Conference Board Consumer Confidence Index® deteriorated for the third consecutive month in April, retreating to 97.0 (1985=100) from a downwardly revised 103.1 in March. Despite these three months of weakness, the gauge continues to move sideways within a relatively narrow range that's largely held steady for more than two years.

Key Points: 
  • "In the month, confidence declined among consumers of all age groups and almost all income groups except for the $25,000 to $49,999 bracket.
  • In April, households with incomes below $25,000 and those with incomes above $75,000 reported the largest deteriorations in confidence.
  • However, over a six-month basis, confidence for consumers earning less than $50,000 has been stable, but confidence among consumers earning more has weakened."
  • The Conference Board publishes the Consumer Confidence Index® at 10 a.m.

Schwab Trading Activity Index™: Score Ascends to Moderate Levels in March

Retrieved on: 
måndag, april 8, 2024

The Schwab Trading Activity Index™ (STAX) increased to 51.65 in March, up from its score of 47.65 in February.

Key Points: 
  • The Schwab Trading Activity Index™ (STAX) increased to 51.65 in March, up from its score of 47.65 in February.
  • View the full release here: https://www.businesswire.com/news/home/20240408112995/en/
    Schwab Trading Activity Index March 2024 (Graphic: Charles Schwab)
    The reading for the four-week period ending March 28, 2024 ranks “moderate” compared to historic averages and marks the highest reading since May 2022.
  • “In the face of undeniably mixed macroeconomic data, the markets soared this month, and the STAX score continued its rise in step,” said Joe Mazzola, Director of Trading and Education at Charles Schwab.
  • “Despite the market highs, however, Schwab clients remain in the moderate range of market exposure as measured by the STAX.

The Conference Board Employment Trends Index™ (ETI) Increased in March

Retrieved on: 
måndag, april 8, 2024

NEW YORK, April 8, 2024 /PRNewswire/ -- The Conference Board Employment Trends Index™ (ETI) increased in March to 112.84, up from a downwardly revised 111.85 in February. The Employment Trends Index is a leading composite index for employment. When the Index increases, employment is likely to grow as well, and vice versa. Turning points in the Index indicate that a change in the trend of job gains or losses is about to occur in the coming months.

Key Points: 
  • NEW YORK, April 8, 2024 /PRNewswire/ -- The Conference Board Employment Trends Index™ (ETI) increased in March to 112.84, up from a downwardly revised 111.85 in February.
  • The Employment Trends Index is a leading composite index for employment.
  • "The ETI increased slightly in March, signaling employment will continue to grow in Q2 of 2024," said Will Baltrus, Associate Economist at The Conference Board.
  • The Employment Trends Index aggregates eight leading indicators of employment, each of which has proven accurate in its own area.

US Consumer Confidence Little Changed in March

Retrieved on: 
tisdag, mars 26, 2024

NEW YORK, March 26, 2024 /PRNewswire/ -- The Conference Board Consumer Confidence Index® was 104.7 (1985=100) in March, essentially unchanged from a downwardly revised 104.8 in February.

Key Points: 
  • "Confidence rose among consumers aged 55 and over but deteriorated for those under 55.
  • Separately, consumers in the $50,000-$99,999 income group reported lower confidence in March, while confidence improved slightly in all other income groups.
  • Indeed, average 12-month inflation expectations came in at 5.3 percent—barely changed from February's four-year low of 5.2 percent.
  • The Conference Board publishes the Consumer Confidence Index® at 10 a.m.

The Conference Board Employment Trends Index™ (ETI) Decreased in February

Retrieved on: 
måndag, mars 11, 2024

NEW YORK, March 11, 2024 /PRNewswire/ -- The Conference Board Employment Trends Index™ (ETI) decreased in February to 112.29, from a downwardly revised 113.18 in January. The Employment Trends Index is a leading composite index for employment. When the Index increases, employment is likely to grow as well, and vice versa. Turning points in the Index indicate that a change in the trend of job gains or losses is about to occur in the coming months.

Key Points: 
  • NEW YORK, March 11, 2024 /PRNewswire/ -- The Conference Board Employment Trends Index™ (ETI) decreased in February to 112.29, from a downwardly revised 113.18 in January.
  • The Employment Trends Index is a leading composite index for employment.
  • "The ETI decreased in February after two consecutive months of modest increases," said Will Baltrus, Associate Economist at The Conference Board.
  • The Employment Trends Index aggregates eight leading indicators of employment, each of which has proven accurate in its own area.

US Consumer Confidence Retreated in February

Retrieved on: 
tisdag, februari 27, 2024

NEW YORK, Feb. 27, 2024 /PRNewswire/ -- The Conference Board Consumer Confidence Index® fell in February to 106.7 (1985=100), down from a revised 110.9 in January. February's decline in the Index occurred after three consecutive months of gains. However, as January was revised downward from the preliminary reading of 114.8, the data now suggest that there was not a material breakout to the upside in confidence at the start of 2024.

Key Points: 
  • NEW YORK, Feb. 27, 2024 /PRNewswire/ -- The Conference Board Consumer Confidence Index® fell in February to 106.7 (1985=100), down from a revised 110.9 in January.
  • "The decline in consumer confidence in February interrupted a three-month rise, reflecting persistent uncertainty about the US economy," said Dana Peterson, Chief Economist at The Conference Board.
  • "The drop in confidence was broad-based, affecting all income groups except households earning less than $15,000 and those earning more than $125,000.
  • The Conference Board publishes the Consumer Confidence Index® at 10 a.m.

US Consumer Confidence Increased in January

Retrieved on: 
tisdag, januari 30, 2024

NEW YORK, Jan. 30, 2024 /PRNewswire/ -- The Conference Board Consumer Confidence Index® rose in January to 114.8 (1985=100), up from a revised 108.0 in December. The reading was the highest since December 2021, and marked the third straight monthly increase. The Present Situation Index—based on consumers' assessment of current business and labor market conditions—surged to 161.3 (1985=100) from 147.2 last month. The Expectations Index—based on consumers' short-term outlook for income, business, and labor market conditions—improved to 83.8 (1985=100) in January, up from a revised reading of 81.9 in December.

Key Points: 
  • "January's increase in consumer confidence likely reflected slower inflation, anticipation of lower interest rates ahead, and generally favorable employment conditions as companies continue to hoard labor," said Dana Peterson, Chief Economist at The Conference Board.
  • Likewise, confidence improved for all incomes groups except the very top; only households earning $125,000+ saw a slight dip.
  • "Consumer expectations for the next six months increased slightly in January, due to receding pessimism around future business conditions, labor market, and income prospects.
  • The Conference Board publishes the Consumer Confidence Index® at 10 a.m.

US Consumer Confidence Increased Again in December

Retrieved on: 
onsdag, december 20, 2023

NEW YORK, Dec. 20, 2023 /PRNewswire/ -- The Conference Board Consumer Confidence Index® increased in December to 110.7 (1985=100), up from a downwardly revised 101.0 in November. The Present Situation Index—based on consumers' assessment of current business and labor market conditions—rose to 148.5 (1985=100) from 136.5 last month. The Expectations Index—based on consumers' short-term outlook for income, business, and labor market conditions—leapt to 85.6 (1985=100) in December, up from its downwardly revised reading of 77.4 in November. This sharp increase brings expectations back to the levels of optimism last seen in July of this year.

Key Points: 
  • NEW YORK, Dec. 20, 2023 /PRNewswire/ -- The Conference Board Consumer Confidence Index® increased in December to 110.7 (1985=100), up from a downwardly revised 101.0 in November.
  • "Consumer expectations for the next six months also increased in December, reflecting improved confidence about future business conditions, job availability, and incomes.
  • The monthly Consumer Confidence Survey®, based on an online sample, is conducted for The Conference Board by Toluna, a technology company that delivers real-time consumer insights and market research through its innovative technology, expertise, and panel of over 36 million consumers.
  • The Conference Board publishes the Consumer Confidence Index® at 10 a.m.