Arab Today, arab today us consumer sentiment up despite dismal q1 data
Last Updated : GMT 14:11:06
Arab Today, arab today
Arab Today, arab today

US consumer sentiment up despite dismal Q1 data

Arab Today, arab today

Arab Today, arab today US consumer sentiment up despite dismal Q1 data

US consumer sentiment
Washington - XINHUA

U.S. consumer sentiment rose in June pushed by healthy job growth, brushing aside downcast growth data in the first quarter, a survey showed on Friday.
The final reading of the consumer sentiment index in June increased to 82.5 from 81.9 in May, the monthly Thomson Reuters/ University of Michigan survey of consumers showed.
"Consumers did not expect such a negative GDP report, but it will not cause them to revise their expectations of future economic growth," said Richard Curtin, director of the survey and economist with the University of Michigan, in a statement.
The ignorance of the economy's poor performance was made possible by healthy job growth, said the survey, as 40 percent of families reported their financial situation improved in June, the highest level since 2007.
The sub-index of current economic conditions, which reflects Americans' perceptions of their financial situation and whether they consider it a good time to buy big-ticket items like houses or cars, surged from 94.5 in May to 96.6 this month.
The Labor Department said earlier this month that the U.S. economy added 217,000 jobs in May and the unemployment rate stayed at 6.3 percent as in April, the lowest level in five years, indicating that the job market was improving.
However, consumers' expectations for the future remained almost unchanged. The sub-index gauging consumer expectations for six months from now, which more closely projects the direction of consumer spending, almost maintained the same level as that in May, declining to 73.5 in June from 73.7 last month.
"Given that they ignored the dismal first quarter results, they are also likely to ignore the announcement of more favorable second quarter GDP results in the months ahead," said Curtin.
Affected by the tough winter weather, the U.S. economy contracted at an annual rate of 2.9 percent in the first quarter, the worst performance since 2009, said the Commerce Department on Wednesday.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us consumer sentiment up despite dismal q1 data Arab Today, arab today us consumer sentiment up despite dismal q1 data

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday