RT Journal Article
SR Electronic
T1 Trying to Make Sense of Consumer Confidencee
JF Trading
FD Institutional Investor Journals
SP 22
OP 28
VO 2004
IS 1
A1 Randall S. Eisenberg
A1 John Yozzo
YR 2004
UL http://guides.pm-research.com/content/2004/1/22.abstract
AB Consumer spending was largely credited with cushioning the economic blow from the 9/11 tragedies and the 2001 recession. Two marquee names in consumer confidence measurements—The University of Michigan's Index of Consumer Sentiment and The Conference Board's Consumer Confidence Index—are compared and contrasted as the authors point to indications that job issues have surfaced as paramount concern for consumers, even two years into an economic recovery. This article cautions retail investors with high expectations for 2004 that anxiety over job security will color personal consumption trends, particularly among the low-to-middle income customer.