Consumer confidence rebounds in January

Author:
Updated:
Original:

The consumer confidence index was up in January, reaching levels not seen since last spring.

The index stands at 60.6, up from 53.3 in December. The Present Situation Index improved to 31 from 24.9. The Expectations Index increased to 80.3 from 72.3 last month.

"Consumers have begun the year in better spirits. As a result, the index is now near levels not seen since last spring (May 2010, index 62.7)," said Lynn Franco, director of Consumer Research Center at The Conference Board, in a statement. "Consumers rated business and labor market conditions more favorably and expressed greater confidence that the economy will continue to expand and generate more jobs in the months ahead. Income expectations are also more positive."

Consumers' assessment of current conditions was more positive in January. Those who say business conditions are "good" increased to 9.8 percent from 7.7 percent and those who say business conditions are "bad" was virtually unchanged at 40.4 percent.

Consumers' appraisal of the job market was also more upbeat than last month. Those who say jobs are "plentiful" rose to 5.2 percent from 4.2 percent and those who say jobs are "hard to get" declined to 43.4 percent from 46 percent.

Click here for the full report.

Related

Registration Open for IWMC

ICOMIA’s World Marinas Conference is scheduled for Oct. 12-14 in Dubai.

YellowV Appoints Product Sales Manager

The Vetus company aims to target growth in the watersports sector by appointing Nick Tuinenburg as product sales manager.

Lowrance, White River Marine Strengthen Collaboration

Electronics packages from the Navico subsidiary, including Ghost trolling motors, are set to be standard equipment on select White River boat brands.

Dealers: Will You Attend Boat Shows?

Will the shortage of boat inventory and other supply-chain challenges influence dealer decisions to attend fall and winter boat shows?

Change is Coming, Ready or Not

Every marine business must prepare for all kinds of technology that will upend the industry, fast.

A Record Q2 for Brunswick

With strong global demand in all its business segments, Brunswick Corp. reported another stellar quarter, posting a 57 percent jump in net sales.

OneWater Adds PartsVu

The online marketplace for marine parts, accessories and electronics posted $25 million in sales over the last year.