Entries in Consumer Reports Index (2)


Consumer Reports Index: Financial Mood Grim, Employment Rises

Jupiterimages/Thinkstock(YONKERS, N.Y.) -- Despite employment edging higher, the financial mood remains grim, according to survey data released Monday from November’s Consumer Reports Index.

The index, which measures overall consumer financial health, found that employment continued to show improvement, with job gains outpacing losses by a slight margin with the holiday season approaching. Economic sentiment, however, wavered.

The Consumer Reports Sentiment Index, which measures the percentage of how many consumers are doing better than a year ago, dropped to 45.0 from 47.6 in October.

“Our short term outlook through the holiday season remains guarded, driven by a broad-based decline in consumer sentiment,” said Ed Farrell, director of the Consumer Reports National Research Center. “Sentiment among wealthier Americans has plunged, while those earning less than $50,000 languish in negative territory, a bad convergence of events for spending.”

Copyright 2011 ABC News Radio


Consumer Reports Index: Sentiment Falls to Lowest Level Since 2009

Comstock Images/Thinkstock(YONKERS, N.Y.) -- August’s Consumer Reports Index -- a measure of overall consumer sentiment -- fell to its lowest level since December 2009 in the wake of Washington’s indecision surrounding the debt ceiling debate.

The index dropped to 43.4, down sharply from July’s 48.5. The figures are representative of the percentage of people who say they were financially better off versus worse off than they were in 2010.

“The Consumer Reports Index shows no clear signs pointing to an economic recovery any time soon,” said Ed Farrell, director of the Consumer Reports National Research Center.  “Too many households are feeling financial pain and more jobs were lost than created.  Unfortunately, the burden of this bad economy has fallen on the households that earn less than $50,000 a year.  They’re the ones having trouble finding new jobs, paying bills and affording health care.”

The Consumer Reports Index report comprises five key indices: the Sentiment Index, the Trouble Tracker Index, the Stress Index, the Retail Index and the Employment Index.

Copyright 2011 ABC News Radio

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