Consumer Sentiment Figures

Two key measures of consumer confidence offer a complicated view of economic sentiment. Two key measures of consumer confidence offer a complicated view of economic sentiment. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do…

Alibaba’s quarterly revenue rose 2% from a year earlier to the equivalent of $35.9 billion, slower than the 3% expansion in the previous quarter, the company said Thursday.  Net income attributable to ordinary shareholders was the equivalent of $6.8 billion, up 69% from the same period a year before. Alibaba’s net profit was dented a year before partly due to an impairment of goodwill related to its digital media and entertainment segment.  While the revenue results were largely in line with forecasts,…

The Port of Oakland, Calif. New data this week will update the picture of U.S. imports and exports. Photo: Justin Sullivan/Getty Images…

HONG KONG—Chinese travelers flooded tourism hotspots at home, booked more trips abroad and flocked to cinemas halfway through the first long public holiday since Beijing ended zero-Covid controls that had restricted people’s movements and battered consumer confidence.Data released this week point to a sharp rebound in the tourism sector during the weeklong Lunar New Year holiday that started Saturday. Still, some economists cautioned that fully repairing consumer confidence—if that’s possible—will take a while longer.…

China’s largest annual shopping festival showed lackluster growth in one of its weakest performances since the e-commerce giant Alibaba Group Holding Ltd. launched it in 2009, a fresh sign of depressed consumer sentiment under the country’s stringent Covid-19 policy.Alibaba on Friday didn’t disclose exact sales figures for the first time since it started its signature event, known as Singles Day, saying the results were in line with last year’s turnout. Alibaba reaped $84.5 billion in the…

Chipotle Mexican Grill Inc. CMG 2.47% said consumer demand remained strong for its burritos and bowls even after it raised prices again in recent months, though the chain’s chief executive said inflation is wearing on some consumers. The burrito chain said Tuesday its same-store sales grew 7.6% in the third quarter ended Sept. 30 compared with the same period last year. Higher prices helped drive some of the increase, with its average…

Tuesday The Commerce Department releases August figures on new orders, shipments, unfilled orders and inventories of products meant to last at least three years. Overall new orders for durable goods declined slightly in July from the prior month. S&P Global releases its S&P CoreLogic Case-Shiller National Home Price Index, which will show home-price trends across the country in July. Home-prices rose 18% in June, down from a 19.9% annual rate in May.…

U.S. consumer sentiment ticked up in early September from historically low levels as Americans felt slightly better about the economy while expressing uncertainty about the future.The consumer sentiment index, a reflection of consumer attitudes on the state of the economy, rose slightly in early September but is well down from a year earlier, the University of Michigan said Friday. Sentiment has gradually improved after hitting a record low in June. While consumers were more optimistic about the near-term economic outlook…

The University of Michigan survey of consumer sentiment measures how U.S. consumers feel about their personal finances, business conditions and buying conditions. Recent surveys have shown that consumers have rarely felt more downbeat about all of these measures.In the past, when consumer sentiment was as depressed as it is today, stocks were in a bear market, unemployment was higher than average or prices were rising faster than usual. This year, inflation has been near four-decade highs and a main driver of…

U.S. consumer sentiment rose in early August, continuing its climb from a record low earlier this summer as inflation expectations improved. The preliminary August estimate of the University of Michigan consumer sentiment index, which surveys consumer attitudes on the state of the economy, rose 3.6 index points to 55.1 from a July reading of 51.5. Consumer sentiment has increased since dropping to 50 in June—the lowest reading on records dating back to 1952.…