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Most Americans remain reluctant to fly and broadly support new coronavirus-related safety measures for air travel, according to the latest IBD TIPP Poll, but only a third believe the government should mandate policies despite federal bailouts for the industry.
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.
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.
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.
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%.
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.
Demand for new cars kicked into high gear this month as more riders skirt public transportation and ride-sharing services, according to one new index.
The demand for new vehicles jumped to an all-time high in May, according to TechnoMetrica’s Auto Demand Index.
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.
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.
New York (May 8) - The April jobs report printed down 20,500,000 fewer jobs, the worst most living Americans can recollect, although somewhat better than anticipated. Revisions for February (-45,000) and March (-169,000) netted an additional 214,000 fewer jobs.
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.
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.
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.
Stocks rallied on Friday, recovering some ground after a historic rout that sent shares spiraling into their steepest decline since 1987. Investors are hopeful for a stimulus package that could give businesses and consumers some relief from the impact of the coronavirus.
NEW YORK (March 6) - The February jobs report printed at a very strong 273,000 new jobs, well above the consensus estimate of 175,000. Revisions for December (+37,000) and January (+48,000) netted 85,000 additional new jobs.
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.
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.
Consumer confidence recorded it largest decline in more than six years due in part to the coronavirus outbreak, according to the Investor’s Business Daily/TIPP Economic Optimism Index.
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.
