Mexican Media Brands
U.S. Consumer Confidence Rebounds
Consumer confidence in the American economy, which slipped last month, improved in March, led by a strong upturn in optimism about conditions in coming months, the New York City-based Conference Board reports.
#economics
Share
Consumer confidence in the American economy, which slipped last month, improved in March, led by a strong upturn in optimism about conditions in coming months, the New York City-based Conference Board reports.
The research group's overall consumer confidence index advanced to 82.3 from 78.3 in February.
The board says consumers are moderately more upbeat about job prospects and the overall economy but less optimistic about improving their incomes. About 23% of consumers consider the current business climate "good" the same proportion who describe it as "bad." Some 14% expect more jobs this summer, and 18% predict fewer jobs.
RELATED CONTENT
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.