Tag: Consumer confidence

Commentary: Despite Rising Consumer Confidence, Biden’s Economy Is Nothing Like Trump’s

Arizona Sun Times Staff

Consumer confidence is still far below the record highs set under the Trump administration, and a new report by the Conference Board warns ongoing consumer doldrums about the future could spell future recession.

The latest report released Tuesday by the Conference Board, a non-profit research organization funded by more than 1,000 corporations, found consumer confidence improved slightly in September for the second consecutive month due to jobs, wages and declining gas prices, but that “recession risks nonetheless persist” due to a sluggish uptick in the Expectations Index.

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Consumer Confidence Dropped in Arizona in Fourth Quarter of 2021

The Center Square

Arizonans ended the year with lower consumer confidence than there had been in the three months prior.

The Greater Phoenix Chamber released its 2021 fourth quarter Arizona Business Index, a poll conducted by OH Predictive Insights. It showed that consumers have less confidence in the economy fell in the third quarter.

The Economic Optimism Index dropped 4.81 points to 74.5. Notably, 85% of consumers think prices will increase, up 2.6% from the third quarter; and 73% think interest rates will rise, a 5.9% increase over the third quarter.

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