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.
More Quotes from Lynn Franco:
Consumers' short-term optimism is no longer at recession levels, and the upward trend signals that the economy may be close to bottoming out and that a rebound by mid-2002 is likely,Lynn Franco
While nearly 90 percent of consumers say they will not cut back on their buying plans, it's important to note that this figure is very likely to fall as widespread layoffs begin to materialize,
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
Consumers have grown increasingly optimistic over the last three months, ... The recent turnaround in the stock market and an easing in unemployment claims should keep consumer expectations at current levels and may signal more favorable economic times ahead.
Lynn Franco
While the latest signals suggest that U.S. economic activity should decelerate in coming months, consumers are not expecting this record-breaking economic expansion to end any time soon.
Lynn Franco
While the purchasing intentions of consumers have not changed and remain quite upbeat, it remains to be seen whether these current attitudes translate into actual purchases.
Lynn Franco
Readers Who Like This Quotation Also Like:
Based on Topics: Present QuotesThe big missing part of the jig-saw is to get the assembly back up and running here in Northern Ireland, to get shared government back in business, that is my objective, and we await the IRA statement to see if this will trigger a new dawn.
Peter Hain
I came to New York late; I was already past 30.
Jeffrey Tambor
Courage conquers all things: it even gives strength to the body.
Ovid