The Rasmussen Consumer Index, which measures consumer confidence on a daily basis, fell two points on Monday to 55.5. That’s the lowest level of confidence ever recorded in the seven-year history of the Consumer Index, and the fourth time a new low has been set this month.
The Rasmussen Investor Index fell nearly four points on Monday to 56.9, also a record low. For the Investor Index, the previous low had been established in mid-December.
The drop for both has been fairly significant. The Consumer Index has fallen eight points over the past month and 39 points over the past year. The Investor Index has fallen nine points over the past month and 45 points over the past year.
One month ago today was the first Index update based entirely upon interviews completed while Barack Obama was President. Since that time, assessments of current economic conditions have changed little. However, expectations of future economic performance has fallen dramatically (among consumers, from 70.8 to 58.5).
Among all consumers, 8% say the economy is getting better while 70% say it is getting worse. One month ago, 11% said things were getting better and only 65% said worse.
Among investors, just 7% say things are getting better and 74% take the opposite view.
Investor confidence is low enough that 34% would put new investment money in a savings account. Just 30% would opt for a real estate investment and only 16% are eyeing the stock market.
The latest COUNTRY Financial Security Index (SM) reveals a steady six-month decline in Americans' financial security.
(Want a free daily e-mail update? If it's in the news, it's in our polls).
The Rasmussen Consumer Index and Investor Index are derived from nightly telephone surveys of 500 adults and reported on a three-day rolling average basis. The baseline for the Index was established at 100.0 in October 2001. Readings above 100.0 indicate that confidence is higher than in the baseline month. Detailed supplemental information is available for Premium Members. Historical data for the Consumer and Investor indexes as well as attitudes about the economy and personal finances are also available to Premium Members.
The Rasmussen Consumer Index reached its highest level ever at 127.0 on January 6, 2004. The all-time low was reached on February 23, 2009 at 55.5.
The Rasmussen Investor Index reached its highest level ever at 150.9 on January 7, 2004. The lowest level ever measured was 56.9 on February 23, 2009.
The baseline for the Rasmussen Consumer Index was established at 100.0 in October 2001. At 55.5 the overall levels of economic confidence are significantly lower today than they were in the aftermath of the 9-11 terrorist attacks.
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Showing posts with label Consumer confidence. Show all posts
Showing posts with label Consumer confidence. Show all posts
Monday, February 23, 2009
Sunday, January 25, 2009
Rasmussen: Consumer Confidence Falls for Fourth Straight Day
Information obtained from www.rasmussenreports.com
Consumer confidence bounced up early last week around the time of Barack Obama’s inauguration as President, but the bounce has faded.
The Rasmussen Consumer Index, which measures the economic confidence of consumers on a daily basis, fell for the fourth straight day on Sunday. At 60.2, the Index is down a point from yesterday and little changed from a week ago. Consumer confidence continues to hover just a few points above the all-time lows set in mid-December.
The Rasmussen Investor Index also fell on Sunday, dropping a point-and-a-half to 65.5. The Investor Index is up four points from a week ago.
Eight percent (8%) of consumers rate the U.S. economy as good or excellent, a view shared by 7% of investors. Sixty-four percent (64%) of both consumers and investors say that the economy is in poor shape.
A related survey found that 48% of Americans believe that America’s best days are still to come while 35% say they have come and gone.
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Full month data for December shows confidence setting a record all-time low for the seventh time in the last ten months. The Discover U.S. Spending Monitor also fell to a record low in December. One-third (34 percent) of consumers plan to spend less in January. This compares to 22 percent in November and just 24 percent from a year ago.
The Rasmussen Consumer Index and Investor Index are derived from nightly telephone surveys of 500 adults and reported on a three-day rolling average basis. The baseline for the Index was established at 100.0 in October 2001. Readings above 100.0 indicate that confidence is higher than in the baseline month. Detailed supplemental information is available for Premium Members. Historical data for the Consumer and Investor indexes as well as attitudes about the economy and personal finances are also available to Premium Members.
The Rasmussen Consumer Index reached its highest level ever at 127.0 on January 6, 2004. The all-time low was reached on December 17, 2008 at 56.8.
The Rasmussen Investor Index reached its highest level ever at 150.9 on January 7, 2004. The lowest level ever measured was 58.5 on December 16, 2008.
The baseline for the Rasmussen Consumer Index was established at 100.0 in October 2001. At 60.2, the overall levels of economic confidence are significantly lower today than they were in the aftermath of the 9-11 terrorist attacks.
Rasmussen Reports is an electronic publishing firm specializing in the collection, publication, and distribution of public opinion polling information.
The Rasmussen Reports ElectionEdge™ Premium Service for Election 2008 offers the most comprehensive public opinion coverage ever provided for a Presidential election.
Scott Rasmussen, president of Rasmussen Reports, has been an independent pollster for more than a decade.
The current Index data is from a national telephone survey of 1,500 adults conducted by Rasmussen Reports over the past three nights. The margin of sampling error for each individual question in the survey is +/- 2.6 percentage points, with a 95% level of confidence. This survey is part of a larger series of data used to compile the Rasmussen Index on a daily basis. Sphere: Related Content
Consumer confidence bounced up early last week around the time of Barack Obama’s inauguration as President, but the bounce has faded.
The Rasmussen Consumer Index, which measures the economic confidence of consumers on a daily basis, fell for the fourth straight day on Sunday. At 60.2, the Index is down a point from yesterday and little changed from a week ago. Consumer confidence continues to hover just a few points above the all-time lows set in mid-December.
The Rasmussen Investor Index also fell on Sunday, dropping a point-and-a-half to 65.5. The Investor Index is up four points from a week ago.
Eight percent (8%) of consumers rate the U.S. economy as good or excellent, a view shared by 7% of investors. Sixty-four percent (64%) of both consumers and investors say that the economy is in poor shape.
A related survey found that 48% of Americans believe that America’s best days are still to come while 35% say they have come and gone.
Please sign up for the Rasmussen Reports daily e-mail update (it’s free)… let us keep you up to date with the latest public opinion news.
Full month data for December shows confidence setting a record all-time low for the seventh time in the last ten months. The Discover U.S. Spending Monitor also fell to a record low in December. One-third (34 percent) of consumers plan to spend less in January. This compares to 22 percent in November and just 24 percent from a year ago.
The Rasmussen Consumer Index and Investor Index are derived from nightly telephone surveys of 500 adults and reported on a three-day rolling average basis. The baseline for the Index was established at 100.0 in October 2001. Readings above 100.0 indicate that confidence is higher than in the baseline month. Detailed supplemental information is available for Premium Members. Historical data for the Consumer and Investor indexes as well as attitudes about the economy and personal finances are also available to Premium Members.
The Rasmussen Consumer Index reached its highest level ever at 127.0 on January 6, 2004. The all-time low was reached on December 17, 2008 at 56.8.
The Rasmussen Investor Index reached its highest level ever at 150.9 on January 7, 2004. The lowest level ever measured was 58.5 on December 16, 2008.
The baseline for the Rasmussen Consumer Index was established at 100.0 in October 2001. At 60.2, the overall levels of economic confidence are significantly lower today than they were in the aftermath of the 9-11 terrorist attacks.
Rasmussen Reports is an electronic publishing firm specializing in the collection, publication, and distribution of public opinion polling information.
The Rasmussen Reports ElectionEdge™ Premium Service for Election 2008 offers the most comprehensive public opinion coverage ever provided for a Presidential election.
Scott Rasmussen, president of Rasmussen Reports, has been an independent pollster for more than a decade.
The current Index data is from a national telephone survey of 1,500 adults conducted by Rasmussen Reports over the past three nights. The margin of sampling error for each individual question in the survey is +/- 2.6 percentage points, with a 95% level of confidence. This survey is part of a larger series of data used to compile the Rasmussen Index on a daily basis. Sphere: Related Content
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