{"id":1004150560,"date":"2016-08-15T07:00:13","date_gmt":"2016-08-15T15:00:13","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004150560"},"modified":"2022-12-08T01:11:03","modified_gmt":"2022-12-08T09:11:03","slug":"economy-watch-slow-but-steady-recovery-in-consumer-confidence","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-slow-but-steady-recovery-in-consumer-confidence\/","title":{"rendered":"Economy Watch: Slow But Steady Recovery in Consumer Confidence"},"content":{"rendered":"<p>By Dees Stribling, Contributing Editor<\/p>\n<div id=\"attachment_1004150562\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Screen-Shot-2016-08-22-at-11.12.05-AM.png\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004150562\" data-attachment-id=\"1004150562\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-slow-but-steady-recovery-in-consumer-confidence\/screen-shot-2016-08-22-at-11-12-05-am\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Screen-Shot-2016-08-22-at-11.12.05-AM.png\" data-orig-size=\"618,166\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Screen Shot 2016-08-22 at 11.12.05 AM\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Source: University of Michigan Survey of Consumers, August 2016&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Screen-Shot-2016-08-22-at-11.12.05-AM.png?w=618\" loading=\"lazy\" class=\"size-medium wp-image-1004150562\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Screen-Shot-2016-08-22-at-11.12.05-AM.png\" alt=\"Source: University of Michigan Survey of Consumers, August 2016\" width=\"300\" height=\"81\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Screen-Shot-2016-08-22-at-11.12.05-AM.png 618w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Screen-Shot-2016-08-22-at-11.12.05-AM.png?resize=300,81 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004150562\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.sca.isr.umich.edu\/\" target=\"_blank\" rel=\"noopener\">University of Michigan Survey of Consumers, August 2016<\/a><\/p><\/div>\n<p>Despite recent uncertainty about the state of the U.S. economy and an upcoming election unlike any in recent memory, U.S. consumers still seem to have a reasonable amount of confidence in the <span id=\"0.35053567230003524\" class=\"highlight\">economy<\/span>, representing a slow but steady recovery from the recession. If so, that&#8217;s good news for retailers, especially as they ramp up toward the holiday sales season. Overall <a href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-americans-didnt-shop-with-enthusiasm-in-july-2\/\" target=\"_blank\" rel=\"noopener\">retail sales didn&#8217;t move in July<\/a>, but they were up considerably in the months before that.<\/p>\n<p>On Friday, the <a href=\"https:\/\/www.sca.isr.umich.edu\/\" target=\"_blank\" rel=\"noopener\">University of Michigan reported<\/a> that consumer confidence inched upward in early August\u201390.4 compared with 90.0 in July\u2013due to more favorable prospects for the overall\u00a0<span id=\"0.810385042470168\" class=\"highlight\">economy,<\/span> offsetting a small pullback in personal finances. Most of the weakness in personal finances was among younger households, who cited higher expenses than anticipated, as well as somewhat smaller expected income gains, noted Surveys of Consumers Chief Economist Richard Curtin.<\/p>\n<p>&#8220;Concerns about Brexit have faded amid rising references to the outcome of the presidential election as a source of uncertainty about future economic prospects,&#8221; said Curtin. Overall, he added, the data remains consistent with real personal consumption expenditures improving at an annual rate of 2.6 percent through mid-2017.<\/p>\n<p>Separately, the Pew Research Center reported last week that Americans are slowly but consistently regaining confidence in the <span id=\"0.5805050285967721\" class=\"highlight\">economy<\/span>. Only 44 percent of Americans currently think the U.S. economic situation is good, according to Pew, but that&#8217;s a full 27 percentage points higher than in 2009. Economic confidence remains lower than the pre-crisis 50 percent registered in 2007, however.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite some recent uncertainty, U.S. consumers seem to be reasonably confident about the nation&#8217;s economy. <\/p>\n","protected":false},"author":1023,"featured_media":1004150562,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23891,21742],"tags":[],"class_list":["post-1004150560","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Economy Watch: Slow But Steady Recovery in Consumer Confidence - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-slow-but-steady-recovery-in-consumer-confidence\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy Watch: Slow But Steady Recovery in Consumer Confidence\" \/>\n<meta property=\"og:description\" content=\"Despite some recent uncertainty, U.S. consumers seem to be reasonably confident about the nation&#039;s economy.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-slow-but-steady-recovery-in-consumer-confidence\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-08-15T15:00:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T09:11:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Screen-Shot-2016-08-22-at-11.12.05-AM.png\" \/>\n\t<meta property=\"og:image:width\" content=\"618\" \/>\n\t<meta property=\"og:image:height\" content=\"166\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Dees Stribling\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-slow-but-steady-recovery-in-consumer-confidence\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-slow-but-steady-recovery-in-consumer-confidence\\\/\"},\"author\":{\"name\":\"Dees Stribling\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/dc1e9fa4ee0430d86f8e60cd697c953c\"},\"headline\":\"Economy Watch: Slow But Steady Recovery in Consumer Confidence\",\"datePublished\":\"2016-08-15T15:00:13+00:00\",\"dateModified\":\"2022-12-08T09:11:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-slow-but-steady-recovery-in-consumer-confidence\\\/\"},\"wordCount\":280,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-slow-but-steady-recovery-in-consumer-confidence\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/08\\\/Screen-Shot-2016-08-22-at-11.12.05-AM.png\",\"articleSection\":[\"National\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-slow-but-steady-recovery-in-consumer-confidence\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-slow-but-steady-recovery-in-consumer-confidence\\\/\",\"name\":\"Economy Watch: Slow But Steady Recovery in Consumer Confidence - 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