Consumer Confidence Drops Again
Already in a bad mood, consumers are now losing faith in the state of affairs at a faster clip. The Conference Board’s Consumer Confidence Index for May was down 5.2 points to 60.8, the lowest level in six months. The high price of gasoline, the troubled labor and housing markets, and the cost of various
Aftermarket Exec Confidence Wavering
AAIA’s Business Confidence Index for April 2011 shows that aftermarket executive confidence in the overall economy has wavered in the past month. The monthly survey also showed that: • Only 3.5% were significantly more confident in the economy over the next 12 months, a decrease from 7% in March 2011. Thirty-seven percent reported being slightly
Confidence Wavers Among Aftermarket Leaders
Results of the joint Business Confidence Index for February 2011 show that aftermarket business leaders were roughly twice as confident in the future of the automotive aftermarket over the next 12 months than they were regarding the economy in general, reports AAIA and Northwood University. AAIA said the data shows that: • 72% were slightly more confident
Smalls Gaining Confidence, Hiring Plans Rise
Small businessman confidence rose in February to its highest level in three years, according to a National Federation of Independent Business survey. The NFIB’s optimism index climbed to 94.5, the highest since the recession began in December 2007. NFIB said small business hiring plans rose to the second-highest level since September 2008. “The future is
Aftermarket Confidence Climbs: Survey
Aftermarket business leaders are roughly twice as confident in the future of the automotive aftermarket over the next 12 months than they were regarding the economy in general, according to results of the Business Confidence Index for January 2011, prepared by the Automotive Aftermarket Industry Association (AAIA) and Northwood University. The first monthly index survey
Consumer Confidence Still Low, but Number Revised
While the September gauge of consumer confidence was dismal, the University of Michigan/Reuters has upgraded its results for the month. After an initial 66.6 result, the pollsters set the final results at 68.2, just above economist predictions of a 67.2 index reading.
July Confidence Falls Thanks to ‘Dark Cloud’
U.S. consumer confidence continued its tumble in July, according to the recent Conference Board survey. The new Conference Board report showed July’s consumer confidence index fell to 50.4 – the lowest level since February, and well down from June’s 54.3 index. The Conference Board reported that, “Concerns about business conditions and the labor market are
Consumer Confidence Continues Declines
Continuing concerns over the economy and the job market pushed U.S. consumer confidence down again in early July. The University of Michigan index, released late last week, tumbled to 66.5 in early July, down from June’s 76 index. The July results are well off the 74.3 index mark economists had expected, and the lowest since
Consumer Confidence Takes a Plunge
Increasingly worried about jobs and the economy – and perhaps about the situation in the Gulf of Mexico – U.S. consumer confidence took a nosedive in June. The Conference Board confidence index dropped to 52.9 for the month, the lowest level since March and down nearly a full point from May’s 62.7 index. “Increasing uncertainty
Class 8 Truck Orders Spike as Confidence Grows
Net orders for heavy-duty Class 8 commercial vehicles spiked in May, marking the growing confidence among truck fleet owners that the U.S. economy is firmly on the rebound, causing steady increases in both freight demand and rates. ACT Research Co. reported 13,231 net orders of Class 8 vehicles this past May – an increase of