The head of Associated British Foods has predicted rising confidence among lower-income consumers. As the Financial Times (FT) reported Tuesday (Nov. 5), George Weston made this forecast in light of the Labour government’s budget, while also predicting that his company would be set back by...
One week ahead of the election, we’re living in what might charitably be called uncertain times. And yet, as measured by The Conference Board’s latest reading of its Consumer Confidence Index, consumers are optimistic about what’s on the horizon. As reported on Tuesday (Oct. 29)...
Consumers spent with confidence last month as retail sales climbed. And as Seeking Alpha noted in its “Credit Pulse” report Sunday (Oct. 27), much of that spending happened with credit cards, with loans at seven major card issuers increasing slightly — 0.4% month over month...
A growing percentage of consumers think they could miss a minimum debt payment in the next three months. Consumers’ delinquency expectations increased for the fourth consecutive month in September and reached the measure’s highest level since April 2020, according to a Tuesday (Oct. 15) press...
October 07, 2024
Monday (Oct. 7) marked a double dose of economic data that provided a continued diet of mixed signals. First up, the Federal Reserve’s latest data on consumer credit showed an overall slowdown in the annualized gain for credit overall in August, ratcheting down to a 2.1% pace, down sharply from 6.3% in the previous month. Mix […]
September 24, 2024
For lower-income consumers, the most vulnerable subset of the paycheck-to-paycheck economy, the outlook is, in a word … gloomy. As measured in the latest reading by The Conference Board, the...
August 28, 2019
Economic data points are frozen in time – and yet taken collectively tell tales. The latest readings on consumer confidence and on business inventories and shipments seem to hint at...
June 02, 2017
Sizzle Online fraud falls — a LOT: Contrary to popular opinion — and perhaps contrary even to logic — the fraud fight has given a round to the good guys, even...
December 03, 2024
British retail sales weakened in November, a trend driven by the timing of Black Friday. Sales volumes fell by 3.3% last month, the lowest reading since April, and coming on the heels of a slight uptick of 0.6% in October, the British Retail Consortium said in a Tuesday (Dec. 3) news release. The downturn was due in part to […]
November 05, 2024
The head of Associated British Foods has predicted rising confidence among lower-income consumers. As the Financial Times (FT) reported Tuesday (Nov. 5), George Weston made this forecast in light of...
October 27, 2024
Consumers spent with confidence last month as retail sales climbed. And as Seeking Alpha noted in its “Credit Pulse” report Sunday (Oct. 27), much of that spending happened with credit...
October 15, 2024
A growing percentage of consumers think they could miss a minimum debt payment in the next three months. Consumers’ delinquency expectations increased for the fourth consecutive month in September and...
