ABC Consumer Confidence

ABC Consumer Confidence Out at -47

Expected at -49

Prior -50

Prior was -49

This is based on a four week rolling average based on telephone interviews with about 1,000 adults nationwide in the US each month.  The negative response for each question (State of Economy, Personal finances and Buying climate) is subtracted from the postive responses.  The three resulting numbers are then averaged. 

Priior:  -43

Actual:   -43 unchanged

The Index bottomed at -51 in the week of May 26th. 

The State of the Economy rose to -70 from -72.
The Personal Finance index remained unchanged at -2
The Buying Climate declined to -56, equalling the low on the June 8th week.

The ABC Consumer Sentiment is an assessment of consumer sentiment on the economy based on phone interviews with a wide consumer cross section.  This is a weekly figure of consumer sentiment, but is a relatively new index so does not yet have the same credentials as the more established University of Michigan Consumer Sentiment

Expected at -47

Last Week -45

Actual -45

This is a weekly survey which is an overall index based on telephone interviews with 1,000 adults nationwide.  Questions include state of economy, personal finance and buying climate). 

The ABC Consumer Confidence came in at -40  - a new recent low for the series.  The negative headwinds from the economy will not allow the index to rebound. 

The index was -15 versus a prior of also -15