This website collects cookies to deliver better user experience. Cookie Policy
Accept
Sign In
The Wall Street Publication
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Reading: U.S. Consumer Confidence Rose as Delta Covid-19 Wave Eased
Share
The Wall Street PublicationThe Wall Street Publication
Font ResizerAa
Search
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© 2024 The Wall Street Publication. All Rights Reserved.
The Wall Street Publication > Blog > Business > U.S. Consumer Confidence Rose as Delta Covid-19 Wave Eased
Business

U.S. Consumer Confidence Rose as Delta Covid-19 Wave Eased

Editorial Board Published October 26, 2021
Share
U.S. Consumer Confidence Rose as Delta Covid-19 Wave Eased
SHARE

U.S. consumer confidence increased in October following three months of declines, as the wave of Covid-19 cases due to the Delta variant started to ease.

The consumer confidence index increased to 113.8 in October from a revised 109.8 in September, according to data from the Conference Board released Tuesday. The indicator came in above the 108.0 estimate from economists polled by The Wall Street Journal.

The rise in confidence can be attributed to Americans’ easing concerns over Covid-19, said Lynn Franco, senior director of economic indicators at the Conference Board.

Short-term inflation concerns rose to a 13-year high, but consumers indicated they planned to spend on big-ticket items in the final quarter of this year, Ms. Franco added. “The proportion of consumers planning to purchase homes, automobiles, and major appliances all increased in October—a sign that consumer spending will continue to support economic growth,” she said.

Almost half of the respondents also said they planned to take a vacation in the next six months, the highest level since the pandemic hit in March of 2020.

Consumer confidence hints at Americans’ willingness to spend on goods and services, a major driver of the U.S. economy. Confidence rose to almost pre-pandemic levels over the spring, but later waned amid the spread of the Delta variant, which has weighed on Americans’ mood in the past few months.

The present situation index, which reflects consumers’ assessment of current business and labor-market conditions, rose to 147.4 in October from 144.3 in September. The expectations index, which gauges short-term outlook for income, business and labor-market conditions, climbed to 91.3 from 86.7 the previous month.

“Unsurprisingly, with robust labor market expectations, consumers are saying they want to spend again,” MetLife Investment Management’s chief market strategist Drew Matus said.

Economists say a decline in Covid-19 cases should bolster consumer confidence in the months ahead, but persistent shortages of goods, delivery delays and rising prices into the holiday season could hurt sentiment.

Another consumer sentiment survey carried out by the University of Michigan showed that Americans’ sentiment fell in early October. Divergences between both indicators are common as the University of Michigan survey is more focused on consumers’ attitudes toward buying conditions, while The Conference Board’s survey puts more emphasis on labor-market conditions.

With food markets on a wild ride lately, cheese has seen more volatility than most. Yet in supermarkets, prices have remained relatively stable. Here’s why sharp changes in wholesale cheese prices are slow to make it to consumers. Illustration: Jacob Reynolds

Copyright ©2021 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Appeared in the October 27, 2021, print edition as ‘Confidence Improves As Virus Cases Ease.’

TAGGED:Business NewsPAIDWall Street Publication
Share This Article
Twitter Email Copy Link Print
Previous Article Fairfax County schools told teachers critical race theory is a ‘frame’ for ‘our work’ Fairfax County schools told teachers critical race theory is a ‘frame’ for ‘our work’
Next Article Black voters in two of America’s most liberal cities sour on ‘defund the police’ Black voters in two of America’s most liberal cities sour on ‘defund the police’

Editor's Pick

A brand new elite member bank card is out as issuers goal rich prospects

A brand new elite member bank card is out as issuers goal rich prospects

A ‘Mornings with Maria’ panel offers their reactions to the December jobs report, detailing the influence it could have on…

By Editorial Board 5 Min Read
Two-Legged Chihuahua Saves Proprietor’s Life by Detecting Coronary heart Assault
Two-Legged Chihuahua Saves Proprietor’s Life by Detecting Coronary heart Assault

Andrew with Champ – credit score, SWNS A two-legged Chihuahua named Champ…

3 Min Read
American Eagle Doubles Down on Sydney Sweeney Denims Advert
American Eagle Doubles Down on Sydney Sweeney Denims Advert

Studying Time: 3 minutes American Eagle just isn't right here to apologize.…

5 Min Read

Oponion

Global Markets Drop After Choppy Trading in U.S.

Global Markets Drop After Choppy Trading in U.S.

Global equity benchmarks and futures on key indexes fell, suggesting…

January 25, 2022

‘Cancún Cruz’ noticed on one other journey overseas amid lethal Texas flood

Sen. Ted Cruz, Republican of Texas,…

July 8, 2025

NBC defends Mikaela Shiffrin coverage, suggests sexism by critics

NEW YORK — NBC offered a…

February 10, 2022

Europe’s Trade Czar Walks Line Between U.S. and China

BRUSSELS—For Europe’s top trade and economic…

January 5, 2022

Streetwear Aesthetic: Evolution, Fundamentals, & Model Icons | Fashion

We independently consider all beneficial merchandise…

November 5, 2024

You Might Also Like

Thales Reinforces its Management in eSIM and IoT Connectivity with a ‘Ready to Use’ Licensed Resolution
Business

Thales Reinforces its Management in eSIM and IoT Connectivity with a ‘Ready to Use’ Licensed Resolution

At a time when billions of linked objects are reshaping industries, Thales has achieved a vital safety certification for its…

4 Min Read
Soracom IoT Platform Achieves SOC 2 Kind 2 Compliance for Safety, Availability, and Confidentiality
Business

Soracom IoT Platform Achieves SOC 2 Kind 2 Compliance for Safety, Availability, and Confidentiality

Soracom, Inc., right now introduced that it has efficiently achieved System and Group Controls (SOC) 2 Kind 2 compliance, reinforcing…

2 Min Read
Mobile IoT Module Shipments Grew 23% in Q1 2025 as US–China tensions affect vendor panorama
Business

Mobile IoT Module Shipments Grew 23% in Q1 2025 as US–China tensions affect vendor panorama

In brief Shipments of mobile IoT modules and chipsets grew 23% year-over-year in Q1 2025, based on IoT Analytics’ International…

20 Min Read
Prime 7 Visitor Posting Marketplaces to Purchase Visitor Posts That Drive Search engine optimization Outcomes
Business

Prime 7 Visitor Posting Marketplaces to Purchase Visitor Posts That Drive Search engine optimization Outcomes

Utilizing a visitor posting market helps you overlook all that like a nasty nightmare. However how do you discover probably…

14 Min Read
The Wall Street Publication

About Us

The Wall Street Publication, a distinguished part of the Enspirers News Group, stands as a beacon of excellence in journalism. Committed to delivering unfiltered global news, we pride ourselves on our trusted coverage of Politics, Business, Technology, and more.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 The Wall Street Publication. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?