The swift outcome in the Middle East has helped quell consumers' short-term concerns. While an increase of this magnitude occurred after the Persian Gulf War in 1991, this post-war surge differs in that both components of the index posted gains.
More Quotes from Lynn Franco:
There's been an increase in any pampering -- like spas, or any treatment that would be considered a luxury,Lynn Franco
Widespread layoffs and rising unemployment do not signal a rebound in confidence anytime soon, ... With the holiday season quickly approaching, there is little positive stimuli on the horizon.
Lynn Franco
While overall confidence remains relatively positive, the latest reading reflects growing concerns that U.S. economic growth may be slowing down. And, while the outlook for corporate profits remains optimistic, rising interest rates and oil prices may curb business leaders' projections.
Lynn Franco
CEO confidence has slipped considerably over the past two quarters, as both current conditions and expectations have softened.
Lynn Franco
The nine-point drop in consumer confidence over the last two months underscores an anxiety about future economic conditions,
Lynn Franco
The improvement in the present situation Index, especially in the jobs component, suggests that consumers believe a slow but sure labor market turnaround is underway. The rise in expectations is a signal that consumers will end this year much more upbeat than when the year began.
Lynn Franco
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