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#consumer-confidence — Public Fediverse posts

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  1. U.S. Consumer Confidence Falls on Worse Business, Labor Views

    By Jeffrey SparshottBloomberg News(TNS) U.S. consumer confidence fell in July as Americans’ views about current business conditions and the…
    #UnitedStates #US #USA #america #business #consumerconfidence #consumers #costofliving #Economy #iranwar #jobmarket #labormarket #payroll #unitedstatesofamerica
    europesays.com/3159583/

  2. South Korea’s consumer confidence hits four-month high on chip boom

    Published Tue, Jul 28, 2026 · 01:34 PM SOUTH Korea’s consumer confidence climbed for a third straight month…
    #EuropeSays #Korea #KR #BankofKorea #BOK #consumerconfidence #SouthKorea
    europesays.com/korea/101456/

  3. Kogan running 'clone' website selling same products at higher prices
    By Michael Atkin, Maryanne Taouk, and Lucy Kent

    An ABC investigation has discovered that leading online retailer Kogan is operating a second website called Exclusive Brands, selling the same products with large price hikes.

    abc.net.au/news/2026-07-27/kog

    #ConsumerProtection #ConsumerConfidence #MichaelAtkin #MaryanneTaouk #LucyKent

  4. Kogan running 'clone' website selling same products at higher prices
    By Michael Atkin, Maryanne Taouk, and Lucy Kent

    An ABC investigation has discovered that leading online retailer Kogan is operating a second website called Exclusive Brands, selling the same products with large price hikes.

    abc.net.au/news/2026-07-27/kog

    #ConsumerProtection #ConsumerConfidence #MichaelAtkin #MaryanneTaouk #LucyKent

  5. Kogan running 'clone' website selling same products at higher prices
    By Michael Atkin, Maryanne Taouk, and Lucy Kent

    An ABC investigation has discovered that leading online retailer Kogan is operating a second website called Exclusive Brands, selling the same products with large price hikes.

    abc.net.au/news/2026-07-27/kog

    #ConsumerProtection #ConsumerConfidence #MichaelAtkin #MaryanneTaouk #LucyKent

  6. Kogan running 'clone' website selling same products at higher prices
    By Michael Atkin, Maryanne Taouk, and Lucy Kent

    An ABC investigation has discovered that leading online retailer Kogan is operating a second website called Exclusive Brands, selling the same products with large price hikes.

    abc.net.au/news/2026-07-27/kog

    #ConsumerProtection #ConsumerConfidence #MichaelAtkin #MaryanneTaouk #LucyKent

  7. Kogan running 'clone' website selling same products at higher prices
    By Michael Atkin, Maryanne Taouk, and Lucy Kent

    An ABC investigation has discovered that leading online retailer Kogan is operating a second website called Exclusive Brands, selling the same products with large price hikes.

    abc.net.au/news/2026-07-27/kog

    #ConsumerProtection #ConsumerConfidence #MichaelAtkin #MaryanneTaouk #LucyKent

  8. Travel firms and housebuilders lead profit warnings amid Iran war fallout – The Irish News

    Profit alerts from travel and leisure firms have hit their highest level for nearly four years as the…
    #Conflict #Conflicts #War #Airlines #city #consumerconfidence #costs #geopolitics #Housebuilders #profitwarnings #travelandleisure #UK
    europesays.com/3141603/

  9. Falling gas prices give consumer confidence a small lift, but gloom still clouds the economy

    Americans’ attitudes toward the economy improved slightly this month as gas prices declined, but their outlook is still…
    #Economy #Americans #chiefeconomist #COnferenceBoard #consumerappraisal #consumerconfidence #gasprice #governmentreport #jobmarket #june #May #month #oil #outlook #smalllift
    europesays.com/3101417/

  10. Can Innovation Efforts Help Diageo Outpace Industry Headwinds?

    Diageo plc DEO is navigating a difficult industry backdrop as weak consumer confidence, pressure on disposable income and…
    #EuropeSays #Britain #Europe #EU #Diageo #consumerconfidence #diageo #DiageoPlc #ZacksInvestmentResearch #ZacksRank
    europesays.com/britain/71617/

  11. Consumer confidence in Türkiye rises to 3-year high in June

    Households in Türkiye were less pessimistic in June as the consumer confidence rose to the highest level in…
    #EuropeSays #Turkiye #Türkiye #confidenceindex #consumerconfidence #economy #Turkisheconomy
    europesays.com/turkiye/19680/

  12. Deutsche Bank, Santander and UBS profits rise amid market impact from Iran war

    Europe’s biggest banks and one oil major reported broadly upbeat first-quarter results on Wednesday, even as executives flagged…
    #Spain #ES #Europe #Europa #EU #BancoSantander #consumerconfidence #DeutscheBank #netinterest #Netinterestincome #SantanderBank
    europesays.com/spain/29646/

  13. 1 #TorstenSlok, chief economist at Apollo Global Management: daily data on #consumerconfidence shows #sentiment falling for households making less than $50,000 a year, while households making more than $100,000 are seeing #consumer confidence go up. 🧵

  14. 1 #TorstenSlok, chief economist at Apollo Global Management: daily data on #consumerconfidence shows #sentiment falling for households making less than $50,000 a year, while households making more than $100,000 are seeing #consumer confidence go up. 🧵

  15. 90% of Trump’s tariffs are paid for by American consumers and companies, New York Fed says

    Despite President Donald Trump insisting it’s foreign businesses paying for his raft of tariffs, mounting data indicates that,…
    #NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Business #Consumer #consumerconfidence #donaldtrump #Tariffs #Tariffsandtrade
    newsbeep.com/us/467599/

  16. “You get what you measure”*…

    Matt Stoller takes the occasion of Trump’s selection of Kevin Warsh to head the Fed (“an orthodox Wall Street GOP pick, though he is married to the billionaire heiress of the Estee Lauder fortune and was named in the Epstein files. He’s perceived not as a Trump loyalist but as an avatar of capital”) to ponder why public satisfaction with the economy is so low (“if you judge solely by consumer sentiment, Trump’s first term was the third best economy Americans experienced since 1960. Trump’s second term is not only worse than his first, it is the worst economic management ever recorded by this indicator”).

    Stoller argues that we’re mesuring the wrong things (or, in some cases, the right things in the wrong ways)…

    … the models underpinning how policymakers think about the economy just don’t reflect the realities of modern commerce. The fundamental dynamic is that those models were constructed in an era where America was one discrete economy, with Wall Street and the public tied together by the housing finance system. But today, Americans increasingly live in tiered bubbles that have less and less to do with one another. Warsh will essentially be looking at the wrong indicators, pushing buttons that are mislabeled.

    While corporate America is experiencing good times, much of the country is experiencing recessionary conditions. Let’s contrast consumer sentiment indicators with statistics showing an economic boom. Last week, the government came out with stats on real gross domestic product increasing at a scorching 4.4% in the third quarter of last year. There’s higher consumer spending, corporate investment, government spending, and a better trade balance. Inflation, according to the Consumer Price Index, is low at 2.6.% over the past year. And while official numbers aren’t out for the final three months of the year, the Atlanta Fed’s GDPNow forecast shows that it estimates growth at 4.2%. And there are other indicators showing prosperity, from low unemployment to high business formation, which was up about 8% last year, as well as record corporate profits…

    … Behavioral economists and psychologists have all sorts of reasons to explain that people don’t really understand the economy particularly well. But in general, when the stats and the public mood conflict, I believe the public is usually correct. Often, there are some weird anomalies with the data used by policymakers. In 2023, I noticed that the consumer price index, the typical measure of inflation, didn’t account for borrowing costs, so the Fed hike cycle, which caused increases in credit card, mortgage, auto loan, payday loans, et al, just wasn’t incorporated. The public wasn’t mad at phantom inflation, they were mad at real inflation that the “experts” didn’t see.

    I don’t think that’s the only miscalculation…

    [Stoller goes on to explain the ways in which “consumer spending” doesn’t tell us much about consumers anymore, about the painful reality of “spending inequality,” and about the obscure(d) problem of monopoly-driven inflation. He concludes…]

    … Finally, there’s a more philosophical point, which I don’t think explains the short-term frustrations people feel, but is directionally correct. Do people actually want what the economy is producing? For most of the 20th century, the answer was yes. When Simon Kuznets invented these measurement statistics in 1934, financial value and the value that Americans placed on products and services were similar. A bigger economy meant things like toilets and electricity spreading across rural America, and cars and food and washing machines.

    Today? Well, that’s less clear. According to the Bureau of Labor Statistics, the second fastest growing sector of the economy in terms of GDP growth from 2019-2024 was gambling. Philip Pilkington wrote a good essay last summer on the moral assumptions behind our growth statistics. There is no agreed upon notion of what makes up an economically valuable object or activity, so our stats are inherently subtle moral judgments. Classic moral philosophers like Adam Smith believed in the “use value” of an item, meaning how it could be used, whereas neoclassical economists believed in the “exchange value” of an item, making no judgments about use and are just counting up its market price.

    Normal people subscribe on a moral level to use value. Most of us see someone spending money on a gambling addiction as doing something worse than providing Christmas presents for kids, but not because of price. However, our GDP models use the market value basis. Kuznets, presumably, was not amoral, he just thought that our laws would ban immoral activities like gambling, and so use value and market value wouldn’t diverge. But they have.

    It’s not just things like gambling or pornography or speculation. A lot of previously unmeasured activity has been turned into data and monetized, which isn’t actually increasing real growth but measuring what already existed. Take the change from meeting someone at a party to using a dating app. One is part of GDP, the other isn’t. Both are real, but only one would show a bigger economy.

    Beyond that much of our economy is now based on intangibles – the fastest growing sector was software publishing. Is Microsoft moving to a subscription fee model for Office truly some sort of groundbreaking new product? It’s hard to say, while corporate assets used to be hard things like factories, today much of it is intangibles like intellectual property.

    A boomcession, where the rich and corporate America experience a boom while working people feel a recession, is a very unhealthy dynamic. It’s certainly possible to create metrics to measure it, and to help policymakers understand real income growth among different subgroups. You could start looking at real income after non-discretionary consumer spending, or find ways of adjusting for price discrimination.

    But I think a better approach is to try to knit us into one society again. The kinds of policymakers who could try to create metrics to understand the different experiences of classes, and ameliorate them, don’t have power. Instead, the people in charge still use models which presume one economy and one relatively uniform set of prices, where “consumer spending” means stuff consumers want.

    I once noted a speech in 2016 by then-Fed Chair Janet Yellen in which she expressed surprise that powerful rich firms and small weak ones had different borrowing rates, which affected the “monetary transmission channel” the Fed relied on. Sure it was obvious in the real world, but she preferred theory.

    Or they don’t use models at all; Kevin Warsh is not an economist, he’s a lawyer and political operative, and is uninterested in academic theory. He cares about corporate profits and capital formation. That probably won’t work out well either.

    At any rate, we have to start measuring what matters again. If we don’t, then we’ll continue to be baffled that normal people hate the economy that looks fine on our charts…

    The models used by policymakers to understand wages, economic growth, and consumer spending are misleading. That’s why corporate America is having a party, and everyone else is mad. Eminently worth reading in full: “The Boomcession: Why Americans Hate What Looks Like an Economic Boom,” from @matthewstoller.bsky.social (or @mattstoller.skystack.xyz).

    Richard Hamming (and also to the article above, see “Goodhart’s law“)

    ###

    As we ponder the pecuniary, we might recall that it was on this date in 1958 that Benelux Economic Union was founded, creating the seed from the European Economic Community, then the European Union grew.

    On that same day, Philadelphia doo wop group The Silhouettes started five weeks at the top of the Billboard R&B chart with their first single, “Get A Job.”

    https://youtu.be/ysKhbaLyIFw?si=obKAiTS4gb6n4cQB

    #Benelux #BeneluxEconomicUnion #business #consumerConfidence #consumerPriceIndex #culture #economicPolicy #economics #EuropeanEconomicCommunity #EuropeanUnion #FederalReserve #GetAJob #history #inflation #measurement #monetaryPolicy #music #politics #RAndB #silhouettes #statistics #TheSilhouettes
  17. Consumer confidence drops in December to lowest level since U.S. tariffs rolled out in April – PBS News

    Consumer confidence drops in December to lowest level since U.S. tariffs rolled out in April

    Economy – Dec 23, 2025 11:03 AM EST

    WASHINGTON (AP) — Consumers were less confident in the economy in December as Americans grow anxious about high prices and the impact of President Donald Trump’s sweeping tariffs.

    The Conference Board said Tuesday that its consumer confidence index fell 3.8 points to 89.1 in December from November’s upwardly revised reading of 92.9. That is close to 85.7 reading in April, when Trump rolled out his import taxes on U.S. trading partners.

    A measure of Americans’ short-term expectations for their income, business conditions and the job market remained stable at 70.7, but still well below 80, the marker that can signal a recession ahead. It was the 11th consecutive month that reading has come in under 80.

    Consumers’ assessments of their current economic situation tumbled 9.5 points to 116.8.

    Write-in responses to the survey showed that prices and inflation remained consumers’ biggest concern, along with tariffs.

    Perceptions of the job market also declined this month.

    READ MORE: The economy is giving mixed signals. Here’s what experts say they mean

    The conference board’s survey reported that 26.7% of consumers said jobs were “plentiful,” down from 28.2% in November. Also, 20.8% of consumers said jobs were “hard to get,” up from 20.1% last month.

    Last week, the government reported that the U.S. economy gained a healthy 64,000 jobs in November but lost 105,000 in October. Notably, the unemployment rate rose to 4.6% last month, the highest since 2021.

    The country’s labor market has been stuck in a “low hire, low fire” state, economists say, as businesses stand pat due to uncertainty over Trump’s tariffs and the lingering effects of elevated interest rates.

    Since March, job creation has fallen to an average 35,000 a month, compared to 71,000 in the year ended in March.

    Fed Chair Jerome Powell said recently that he suspects those numbers will be revised even lower.

    Continue/Read Original Article Here: Consumer confidence drops in December to lowest level since U.S. tariffs rolled out in April | PBS News

    #Affordability #April2025 #ConsumerConfidence #December2025 #Economy #JobMarket #LowFire #LowestLevel #PBS #PBSNews #Prices #TrumpTariffs #USTariffs
  18. Trillion-dollar holiday shopping season comes with credit card caution

    WEST PALM BEACH, Fla. — Holiday shopping is hitting new heights. According to data from the National Retail…
    #NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Economy #Business #Christmasshopping #consumerconfidence #Credit #Holidayshopping
    newsbeep.com/us/364588/