- Published on Oct 04, 2006
The difference was quite sharp, as the Expectations Index posted its sixth largest monthly gain, and the Current Conditions Index posted its twelfth largest monthly loss. "Consumers have had a difficult time managing their finances due to higher interest rates, slower growth in employment, and until recently, higher gas prices," Curtin explained. When they look ahead, consumers anticipate a somewhat lower inflation rate due to declines in gas prices and somewhat larger gains in their inflation adjusted incomes.
The latest data on consumer confidence is consistent with a growth rate in real consumption expenditures that averages about 2