Tag Archives: Consumer Credit

Consumer Confidence Surges on Expectations, Lifting September Retail Sales

October 18, 2012 Stronger employment growth, lower unemployment claims, improved stock market returns, and lower gasoline prices helped boost a sharp rise in consumer expectations, pushing the overall Consumer Confidence Index to 70.3 in September and marking the highest reading in seven months. Despite tepid wage and income growth, consumers are saving less, but spending […]

Tighter Consumer Credit Poses Headwind To Recovery

September 10, 2010 Though consumption and retail sales have made significant headway toward recovery this year, the 6.3 percent decline in consumer credit since July 2008 will remain a drag on economic growth and job creation through the rest of 2010. Top-tier borrowers retain access to credit, but these lower-risk consumers continue to impose austerity […]