Consumer Confidence Holds

The Lehmann Letter (SM)

This morning the Conference Board reported that August’s rebound in Consumer Confidence held through September:

https://www.conference-board.org/press/pressdetail.cfm?pressid=5570

Confidence advanced slightly from 101.3 in August to 103.0 in September after a setback to about 90.0 in July.

That’s good news. Confidence must remain above 100.0 to claim complete recovery from the Great Recession.

Be aware, however, that Confidence has fluctuated between 95.0 and 100.0 all year. Let’s see what the remainder of the year has in store.

Consumer Confidence

5.4 Consumer Confidence 02-24-15

(Recessions shaded)

Here’s the record since the beginning of 2013 (1985 = 100.0):

2013

January        58.4

February       68.0

March           61.9

April              69.0

May              74.3

June             82.1

July              81.0

August          81.8

September    80.2

October        72.4

November     72.0

December     77.5

2014

January        79.4

February       78.3

March           83.9

April              81.7

May              82.2

June             86.4

July              90.3

August          93.4

September    89.0

October        94.1

November     91.0

December     92.6

2015

January        103.8

February       98.8

March           101.4

April              94.3

May              95.4

June             99.8

July              90.9

August          101.3

September    103.0

Questions or comments? Contact Mike Lehmann at lehmannm@usfca.edu.

(To be fully informed visit http://www.beyourowneconomist.com/)

© 2015 Michael B. Lehmann