Our partner Hamilton Place Strategies yesterday released the Q1 Economic Sentiment Report, which uses CivicScience to track and segment consumers’ feelings about key economic indicators by age, gender, income, region, and other demographics.
Groups showing more confidence include younger persons, those with higher incomes, and those with higher educations.
Looking at only the past two weeks, consumer confidence has stabilized and confidence in the labor market rose, potentially reflecting April’s strong jobs report. At the same time, while increasing during the past two weeks, confidence in the housing market remains lower than confidence in personal finances. Confidence in making a major purchase continued to fall and is now three full points below where it registered four weeks ago.