Arab Today, arab today us consumer sentiment falls on wage concern
Last Updated : GMT 22:58:51
Arab Today, arab today
Arab Today, arab today

US consumer sentiment falls on wage concern

Arab Today, arab today

Arab Today, arab today US consumer sentiment falls on wage concern

US consumers
Washington - XINHUA

U.S. consumer sentiment went down in May, affected by dismal prospects for wage growth, a survey showed Friday.
The final reading of the consumer sentiment index in the month dropped to 81.9 from a nine-month high of 84.1 in April, according to the monthly Thomson Reuters/University of Michigan survey of consumers.
The main concern expressed by consumers involved dismal prospects for wage growth. Paltry wage gains meant that nearly half of all households anticipated declines in inflation-adjusted incomes during the year ahead, said the survey.
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, dropped from 98.7 in April to 94.5 this month.
Analysts, however, believed the decline of the index in May didn't change the whole picture of consumers' optimism about U.S. future growth, as the May index was still a little bit higher than the average level of 81.7 during the prior four months.
"Consumers anticipate that the economy will post a much improved pace of growth, and more importantly, create more robust jobs growth in the months ahead," said Richard Curtin, director of the survey and economist with the University of Michigan, in a statement. "The small May loss should not detract from the fact that consumer confidence during the first five months of 2014 was higher than any time since 2007."
Curtin reckoned that the data clearly indicate continued strength in consumer spending during the year ahead.
The sub-index gauging consumer expectations for six months from now, which more closely projects the direction of consumer spending, kept almost the same as that in April, only declining to 73.7 in May from 74.7 in April.

arabstoday
arabstoday

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 falls on wage concern Arab Today, arab today us consumer sentiment falls on wage concern

 



Arab Today, arab today

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 falls on wage concern Arab Today, arab today us consumer sentiment falls on wage concern

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
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