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Economy
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Covid-19 Relapse Sinks Economic Optimism To Crisis Low: IBD/TIPP Poll

Americans have grown more pessimistic about the U.S. economy's recovery from the coronavirus lockdown, as Covid-19 cases surged anew, the July IBD/TIPP Poll shows. The six-month economic outlook index relapsed, falling through April's Covid-19 floor to the lowest level since September 2015.

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Latest IBD/TIPP Poll Shows Economic Optimism Drops Again; Now at Lowest Level Since September 2015

LOS ANGELES -- July 7, 2020 -- The IBD/TIPP Economic Optimism Index, a leading national poll on consumer confidence, fell by 6.4% in July. The index’s reading of 44.0 has dropped nearly 10 points, or 18.37%, in the last four months. It is now at its lowest point since September 2015. This also places the index in negative territory for the fourth consecutive month. For the IBD/TIPP indexes, a reading below 50.0 indicates pessimism.

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Economic Optimism Drops to Lowest Level in Nearly Four Years, According to Latest IBD/TIPP Poll

LOS ANGELES -- June 9, 2020 -- The IBD/TIPP Economic Optimism Index, a leading national poll on consumer confidence, declined by 5.4% in June. The index’s reading of 47.0 is at its lowest mark since September 2016. It also places the index in negative territory for the third consecutive month. For the IBD/TIPP indexes, a reading below 50.0 indicates pessimism.

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Why The Real Unemployment Rate Is Much Higher Than 14.7%

The U.S. economy lost a record-shattering 20.5 million jobs last month as the unemployment rate soared to 14.7%. But even that understates the job carnage from the coronavirus shutdown of the economy in mid-March. The broadest measure of labor underutilization, which includes those with reduced hours, jumped from 8.7% to 22.8%. 

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Consumer Confidence Rebounds Slightly As States Ease Coronavirus Restrictions

Consumer sentiment edged higher in May, a month after posting its largest decline in more than six years, as a growing number of states move to reopen their economies amid an apparent flattening of the coronavirus curve, according to the latest reading of the Investor’s Business Daily/TIPP Economic Optimism Index, a leading indicator for the health of consumer spending and the economy. However, the index remains in pessimistic territory for the second month in a row, as Americans continue to grapple with the economic pain from the outbreak, which has prompted massive job losses and triggered the biggest quarterly decline in the nation’s GDP since the Great Recession.

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U.S Auto Demand Accelerates to Record High as Cities Shift to Cars

New vehicle demand soared to a new all-time high in May, as more Americans, particularly those living in urban areas, turn to cars over public transportation and ride-sharing services amid concerns about contracting the coronavirus, according to the latest reading of TechnoMetrica’s Auto Demand Index, a monthly measure of Americans’ intent to acquire new vehicles in the next six months. As a result, automakers and dealers should prepare for strong pent-up demand for new vehicles once the economy reopens.

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Financial Stress Eases Amid Coronavirus Stimulus and Relaxed Lockdowns

Americans’ stress related to their finances saw its largest decline in more than four years this month, easing off an 11-year high reached in April, as the federal government’s historic $2.2 trillion relief package helps soften the economic impact of the coronavirus outbreak for many households, and states move to relax lockdown measures, according to the May reading of the Investor’s Business Daily/TIPP Financial-Related Stress Index, a monthly measure of Americans’ views on the state of their finances. Despite the sharp drop, the index remains in negative territory for the third consecutive month, as job losses resulting from the coronavirus crisis continue to mount, fueling concerns over job security among the overall population.    

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Economic Optimism Improves As Dow Jones Rebounds, States Reopen: IBD/TIPP Poll

Nearly 28 million workers have lost their jobs in the past six weeks, but the IBD/TIPP Economic Optimism Index has recovered to only slightly pessimistic territory. While the six-month economic outlook remains grim, a great month for the Dow Jones, stimulus checks, federal aid to business and state reopening plans are keeping a recession from turning to depression, the May IBD/TIPP Poll suggests.

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IBD/TIPP Poll Shows Economic Optimism Rising Slightly as States Prepare to Reopen

LOS ANGELES -- May 5, 2020 -- The IBD/TIPP Economic Optimism Index, a leading national poll on consumer confidence, rose by 4.0% in May after falling 11.3% in April and 9.9% in March. It remains in negative territory for the second consecutive month however, with a reading of 49.7. For the IBD/TIPP indexes, a reading below 50.0 indicates pessimism.

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Economic Optimism Index Ends Record Run; Drops Below 50 for First Time in Trump Presidency, According to New IBD/TIPP Poll

LOS ANGELES -- April 7, 2020 -- The IBD/TIPP Economic Optimism Index, a leading national poll on consumer confidence, fell by 11.3% in April after dropping 9.9% in March. April’s index moved from 53.9 to 47.8, ending the index’s record 42-month run in positive territory. It also marks the first time in Donald Trump’s presidency that the index fell below 50. For the IBD/TIPP indexes, a reading below 50.0 indicates pessimism.

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Stock Market Correction Continues, Treasury Yields Plunge Despite Emergency Fed Rate Cut; China Stocks Shine

A stock market rally attempt briefly gained steam, but the coronavirus stock market correction reasserted itself, with the Dow Jones, S&P 500 and Nasdaq composite giving up most of their weekly gains. The 10-year Treasury yields plunged below 1% and then kept falling sharply. Coronavirus cases continue to swell around the world, with a big increase in U.S. cases and several Covid-19 deaths. An emergency Fed rate cut failed to satisfy markets, though some various fiscal stimulus measures provided a brief support. More companies warned on the coronavirus while several tech giants ordered employees to work from home.

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Economic Optimism Retreats as the Coronavirus Takes its Toll: TechnoMetrica Survey

Consumer confidence posted its largest decline in more than six years this month, as escalating concerns over the coronavirus outbreak, a steep sell-off in the U.S. stock market, and uncertainties with regards to the 2020 presidential election cloud Americans’ outlook for economic conditions in the near term, according to the March reading of the Investor’s Business Daily/TIPP Economic Optimism Index, a leading indicator for the health of consumer spending and the economy. Despite the sudden dip, the index remained in optimistic territory for a record 42nd consecutive month, signaling that consumer spending will remain strong in the near term, supported by a booming labor market.

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U.S. Economic Outlook Suffers Worst Drop In Years On Coronavirus, Dow Jones Fall: IBD/TIPP

The U.S. economic outlook just suffered its biggest one-month drop since October 2013 amid the coronavirus emergency, the March IBD/TIPP Poll finds. Still, the damage to consumer confidence has been limited. The IBD/TIPP Economic Optimism Index remained in moderately optimistic territory. Americans remained strongly positive about their own financial outlook, despite the Dow Jones sell-off that took hold last week.

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