Word: consumerization
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TIME: We've got a pretty good market rally; consumer confidence is up. What's not to like? Rosenberg: There's absolutely nothing wrong with consumer confidence going up, but it's really a matter of watching what consumers are doing as opposed to what they're saying. If you...
Glimmers of hope keep sneaking through the world's cracked economy. The Conference Board's index of leading economic indicators, which includes measures such as stock prices, the money supply and new orders by manufacturers, just posted its first gain in seven months. Consumer confidence increased in May and is...
The data is based on a nationwide survey of 1,500 shoppers. The improvement in consumer sentiment extends to more than just food. In May 2008, for example, 50% of shoppers said they were spending less on skin-care products. This past April, 38% were cutting back. People are also...
Liebmann is quick to stress that her data and stories like Calleja's don't predict a recovery. "It's just a lesser negative," she says. Job anxiety remains a powerful brake on consumer spending. Unemployment is high - 8.6% - and the WSL respondents are worried: last year, 20% said they...
Given all that, what do WSL's consumer psyche measures say about the fate of the recession? "We see it more as the end of the beginning," says Liebmann. "There's a very big cloud still over the consumer. We've been through the first phase, and we hope the...