Private research group says consumer confidence retreats in September amid job worriesSeptember 30th, 2009 Consumer confidence unexpectedly falls in Sept.NEW YORK — Cconsumers' confidence in the economy falls in September as Americans' worries about job security offset any enthusiasm about the rally in the stock market. The Conference Board says that the Consumer Confidence Index now stands at 53.1, down from the revised 54.5 reading in August.
Stocks waver as market absorbs mixed news on home prices and consumer confidenceSeptember 30th, 2009 Stocks waver on housing, consumer confidence dataNEW YORK — The latest batch of mixed economic data is making it difficult for stocks to take direction. Stocks wavered early Tuesday after the Conference Board said its consumer confidence index fell to 53.1 in September, down from 54.5 in August, and much lower than the reading of 57 that economists had been expecting.
Consumer prices rise slightly in August as weak economy keeps inflation in checkSeptember 16th, 2009 Consumer prices rise in Aug. on higher gas pricesWASHINGTON — Consumer prices rose slightly in August due to higher gas prices, another sign the weak economy is keeping inflation in check.
Consumer sentiment improves more than expected to 54.1 in AugustAugust 25th, 2009 Consumer sentiment up more than expected in AugustWASHINGTON — Consumer sentiment rose more than expected in August, an indication that Americans' pessimism about the economy may be lifting. The New York-based Conference Board says its Consumer Confidence index rose to 54.1 from an upwardly revised 47.4 in July.
Consumer sentiment improves more than expected; Home prices post 1st increase in 3 yearsAugust 25th, 2009 Consumer sentiment improves; Home prices riseWASHINGTON — Consumer sentiment rose more than expected in August, and home prices in a closely watched index posted their first quarterly increase in three years, more signs that the economy is on the rebound. The New York-based Conference Board says its Consumer Confidence index rose to 54.1 from an upwardly revised 47.4 in July.
Oil price falls on unexpected US consumer confidence dropAugust 14th, 2009 NEW YORK - Oil prices tumbled nearly 5 percent Friday as US consumer confidence fell unexpectedly in August. Oil's losses came after the Reuters/University of Michigan said that the consumer sentiment index decreased in August, boosting doubts about demand recovery and pressuring oil price to its three-week low of $67.12 a barrel.
Japan unemployment rate rises to 6-year high, prices fall sharplyJuly 31st, 2009 Japan jobless rate climbs to 6-year high in JuneTOKYO — Japan's unemployment rate rose to a six-year high and prices fell at a record pace in June, the government said Friday. The jobless rate in the world's second-biggest economy worsened to 5.4 percent from 5.2 percent in May, suggesting that an emerging recovery for companies has yet to filter down to workers and families.
Wholesale, consumer price indices to be mergedJuly 12th, 2009 JANGIPUR - The central govenment has formed a committee to prepare a roadmap for merging the wholesale price index and the consumer price index, Finance Minister Pranab Mukherjee said here Sunday. "A committee has been formed under the Central Statistical Organisation which is studying the trends in the wholesale price index and consumer price index and how soon both can be converged," Mukherjee told reporters, responding to a query on the prices continuing their upward trend despite an unprecedented dip in the inflation rate.
Japan wholesale prices fall 6.6 percent in June from year earlier, biggest fall on recordJuly 10th, 2009 Japan wholesale prices fall 6.6 percent in JuneTOKYO — Japan's central bank said Friday that wholesale prices fell 6.6 percent in June from a year earlier, the biggest fall on record and the latest sign that deflation is returning to the country. The Bank of Japan's corporate good price index, which tracks the cost of a wide range of products sold domestically, declined for the sixth straight month.
Deflation fears spread in Japan after consumer prices fall at record paceJune 26th, 2009 Record fall in Japan prices fuel deflation fearsTOKYO — Deflation is clawing its way back in Japan, and that's not good news for an economy trying to recover from its worst recession since World War II. Japan's key consumer price index tumbled at a record pace in May, the government said Friday.
Meltdown 101, by the numbers: Except for gas prices, recession keeps cost of living in checkJune 17th, 2009 Meltdown 101: Consumer price index, by the numbersWASHINGTON — One benefit of the recession: The cost of living barely increased in May, the government said, particularly for those who don't drive. Gas was one of the few areas where prices increased last month, as the economic slump kept a lid on inflation.
Wholesale inflation rises less than expected in May; gasoline prices jumpJune 16th, 2009 Wholesale inflation up less than expected in MayWASHINGTON — Wholesale prices rose less than expected in May as a drop in food costs helped keep overall prices down. The Labor Department said Tuesday that the Producer Price Index increased by a seasonally adjusted 0.2 percent from April.
Prices to come down in six months: PMMay 11th, 2009 LUDHIANA - Prices of consumer goods will fall in the next six months, Prime Minister Manmohan Singh said Monday. Speaking to reporters, he also said that despite the global economic slowdown, India's economy grew at 6.5 percent in 2008-9.
People have suffered under UPA rule, claims BJPMarch 7th, 2009 NEW DELHI - The Bharatiya Janata Party (BJP) Friday blamed the United Progressive Alliance (UPA) government for 'rising prices' of essential commodities, and said that people have suffered severe hardship under its rule. The decline in the Wholesale Price Index 'does not reflect the hardship of the aam aadmi (common man)', BJP spokesperson Prakash Javadekar told reporters and pointed out that the Consumer Price Index (CPI) and Food Price Index were going up.
Japanese industrial output sees record fall in JanuaryFebruary 27th, 2009 TOKYO - Japan's industrial output underwent a record fall of 10 percent in January amid shrinking export demand, and consumers cut spending as the recession in the world's second-largest economy worsened, the Japanese government reported Friday. The 10 percent fall in industrial production in seasonally adjusted terms from December broke the previous record fall of 9.8 percent recorded in December.