Consumer Confidence has been stagnating, and fell in June

As part of our data catch-up extravaganza, let’s check in in on the latest data from the Consumer Confidence Index.

Here’s the Consumer Confidence data as of June:

Consumer Confidence

The overall Consumer Confidence Index currently sits at 121.5, down 7.5 percent in a month and down 4.4 percent from a year ago.

At 162.6, the Present Situation Index also fell between May and June, down 4.7 percent, but is up 0.6 percent from a year earlier. The Present Situation Index is currently up 705 percent from its December 2009 low point, and is still 18 percent higher than the pre-bust peak in July 2007.

The Expectations Index also fell in June, down 10.4 percent from May, and dropped from a year earlier by 9.5 percent.

All three parts of the index have declined quite a bit from their late-2018 high points. They didn’t quite reach the same level of high as the high water mark set back in 2000.

Click below for the interactive Consumer Confidence chart in Tableau.

You can use the sliders under the interactive chart below to zoom in on the data for a specific period.


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About The Tim

Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer / internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market. Tim also hosts the weekly improv comedy sci-fi podcast Dispatches from the Multiverse.

3 comments:

  1. 1
    Justme says:

    This thread had 0 comments until now. But seriously, what a difference 9 months and a very big black swan can make.

  2. 2
    Whatsmyname says:

    9 months does make a difference. Inventory is only half of what it was then. And here I’m trying to do some shopping.

  3. 3
    DavidE says:

    By Whatsmyname @ 2:

    9 months does make a difference. Inventory is only half of what it was then. And here I’m trying to do some shopping.

    Reason:

    “More than 200 homes have been pulled off the market, and new listings so far in April are down 75% year-over-year,” he said. Potential buyers are unmotivated and leery. And they’re facing, or are already tangled up in, the largest unemployment crisis in US history.

    “We still have homes that went into escrow before the lockdown, and a lot of those buyers are getting cold feet,” he said.

    https://wolfstreet.com/2020/04/16/how-will-covid-19-lockdowns-hit-the-housing-market-it-gets-a-little-clearer/

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