CNN/Money  
graphic
News > Economy
graphic
Poll: Confidence stuck in a rut
ABC News/Money Consumer Comfort Index shows little improvement since post-war boom.
July 8, 2003: 6:34 PM EDT

NEW YORK (CNN/Money) - Consumer confidence has shown little improvement since leveling off after a turbulent wartime cycle.

The ABC News/Money magazine Consumer Comfort Index, based on public views of current economic conditions, stood at -18 last week, on its scale of +100 to -100. It's been stuck within the same narrow band for seven weeks, hovering between -17 and -21 since May 25.

Respondents expressed more confidence about economic recovery last week as 30 percent rate the economy as excellent or good, up from 27 percent the preceding week. The best level in this category was set at 80 percent in January 2000.

Fifty-six percent rate their own finances as excellent or good, unchanged from the previous week. Confidence in this category peaked at 70 percent in August 1998.

The poll's buying gauge, which measures consumers' willingness to spend, also remained unchanged. Thirty-seven percent say it's an excellent or good time to buy things they want or need, which is significantly lower than the 57 percent high set in January 2000.

Confidence, as expected, is higher among better-off Americans. The index is +10 in higher-income households compared with -58 in the lowest.

The ABC News/Money magazine Consumer Comfort Index represents a rolling average based on telephone interviews with a random sample of about 1,000 adults nationwide each month. This week's results are based on 1,004 interviews in the week ended July 6, 2003, and have an error margin of plus or minus three percentage points.  Top of page




  More on NEWS
JPMorgan dramatically slashes Tesla's stock price forecast
Greece is finally done with its epic bailout binge
Europe is preparing another crackdown on Big Tech
  TODAY'S TOP STORIES
7 things to know before the bell
SoftBank and Toyota want driverless cars to change the world
Aston Martin falls 5% in its London IPO




graphic graphic

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.