Business News: the TRUTH about consumer confidence

It’s hard to say what will happen over the next six months, but for now, consumers are feeling a little bit more confident than they were last month despite a small loss in expectations for the future. According to MarketWatch, economists expected consumer confidence in May to register around 93, but the actual reading was 95.4. “While current conditions in the second quarter appear to be improving, consumers still remain cautious about a short-term outlook,” said Lynn Franco, director of economic indicators at the Conference Board, in a public statement.

Interestingly, although consumers say that they are feeling better this month than they were last month, they do not have as bright an outlook for the next six months. However, falling unemployment (down to 5.4 percent, the lowest since May 2008) and the addition of 223,000 jobs last month led consumers to say that they are likely to buy a car, home, or major appliance before the end of 2015[1]. Paul Ashworth, chief U.S. economist at Capital Economics, called the May number a “pleasant surprise given that other measures of confidence have weakened in response to the recent surge in gasoline prices.”

Are you feeling confident right now? How are you feeling about the latter half of 2015?

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About the Author (Author Profile)

Carole Ellis is editor in chief of the Bryan Ellis Investing Letter. Under Carole’s leadership, the Bryan Ellis Investing Letter has grown to over 700,000 subscribers, making it one of the largest real estate newsletters in the world. Each day, Carole directly impacts the daily thinking and conversations of real estate investors worldwide by providing thought-provoking analysis and commentary on news topics relevant to serious real estate investors.

Carole has a strong background in research and in the management of respected publications. She holds a degree in English Literature from the University of Georgia, and has substantial research experience in plant biology. She is the former editor of and writer for the University of Georgia’s Research Magazine. She’s also the author of hundreds of articles and multiple books and home study courses published under the names of her clients, many of whom are well known, highly respected real estate entrepreneurs as well.

Carole makes her home in Kennesaw, Georgia with her husband Bryan and 4 children.

Comments (2)

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  1. Alex says:

    There are many people that are in real estate for different reasons. Some love cashing big checks. Some love the greater stability that comes from monthly cash flow. Some like it that it means they will have income in retirement. There are many reasons to love real estate. For me, there is no deal put together with creative financing unless there is a family involved in real trouble. I don’t see how you get away from real estate without helping people in trouble. You’re providing a solution to their problem.hat is the best part of real estate investing. The fact that you hardly ever do a creative deal without helping a family in a bad situation. Helping others feels good, and the best part is that you are creating a win/win/win solution: for the family, for the investor, for the end buyer, or landlord.

    How a family feels is really more important about their own unique situation, not market trends. In every market, both in good times and bad times, there will be people that need help. I don’t pay too much attention to national consumer trends. I pay attention to my local market and my local situation. I think most real estate investors would agree.

  2. Brittany Ellis says:

    Hello Bryan I’m located in Carrollton Tx outside Dallas Ft.Worth I’m currently working in the mortgage industry but I’m. more than ready to begin investing.. I’m in dire need of a mentor/ real estate coach. If you know anyone in this area you can refer me to I would gladly appreciate it. Thank You Very Much Ms. Brittany D. Ellis!

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Category: Business News