Please select your home edition
Edition
Guy Nowell - Yellow 728

US consumer confidence bounces back

by Media Services on 1 Jan 2014
US consumer confidence rises .. ©
Consumer confidence in the US, which had slipped in November, rebounded in December.

'Consumer confidence rebounded in December and is now close to pre-government shutdown levels' in September, Lynn Franco, director of economic indicators at The Conference Board, said in a statement.

The board’s Consumer Confidence Index was at 78.1 in December, up from 72.0 in November. The September level was 80.2.

Confidence in current conditions reached a 5-1/2-year high and was greater than it had been since April 2008.

'Looking ahead, consumers expressed a greater degree of confidence in future economic and job prospects, but were moderately more pessimistic about their earning prospects,' Franco said. 'Despite the many challenges throughout 2013, consumers are in better spirits today than when the year began.'

Home prices also rose again in October, although the pace of gains slowed, according to a Reuters report.

A separate report showed that the S&P/Case Shiller composite index of home prices in 20 metropolitan areas increased 13.6 percent in October from a year earlier, the strongest gain since February 2006.

Price gains on a monthly basis, however, slowed to 0.2 percent from 0.7 percent in September, suggesting that higher mortgage rates have slowed home-buying activity.

Borrowing costs are expected to rise again next year as the Federal Reserve winds down its monthly asset purchases, which have helped suppress long-term interest rates since the program began 15 months ago.

The housing market might see slower price appreciation in 2014, Wells Fargo Securities senior economist Mark Vitner told Reuters.

Even with higher borrowing costs, however, demand for accommodation is likely to keep supporting residential construction as it recovers from multi-decade lows.

A separate report Tuesday showed that business activity in the US Midwest slowed in December for a second straight month, a sign that manufacturing activity in the region was cooling off. Employment in the sector retreated to its lowest since April.
Hall Spars - MastKiwi Yachting - Lewmar 660 - 1Collinson and Co

Related Articles

Second round of MIF grants due to close on Friday 21st October
The Marine Industry Foundation (MIF) was established to broaden community access to the benefits of recreational boating The Marine Industry Foundation (MIF) was established to broaden community access to the benefits of recreational boating, and to provide opportunity for employment, education and training within the marine industry.
Posted today at 8:50 am
Mastervolt DC-DC Converter
The required voltage for DC current can vary. Some equipment requires 24 V while onboard equipment requires 12 V. The required voltage for DC current can vary. Some equipment requires 24 V, while onboard equipment usually requires 12 V. For custom DC current, Mastervolt offers a series of compact and made to measure DC-DC coverters for both 12 V and 24 V battery systems that offer stable power with the right current for any connected consumer.
Posted today at 8:14 am
'The best day of my life' - Auckland On the Boat Show - Day 3
Despite the forecast of dicey weather, visitors to the Auckland On the Water Boat Show were rewarded with a good day Despite a less than optimist forecast of more inclement weather, visitors to the Auckland On the Water Boat Show were rewarded with a good day to be at the Show – overcast skies, but no rain and plenty to see and do. Held for the first time in the school holidays, the kids – who get free entry – had a great day.
Posted today at 4:55 am
Nautor’s Swan forms partnership with Edmond de Rothschild Group
Through its partnership, it is continuing the passion that its founder Edmond de Rothschild had for the monohull vessels The Edmond de Rothschild Group, which is currently celebrating its 140-year association with yachts and yacht racing with a travelling exhibition and a book. Through its partnership with Nautor’s Swan, it is continuing the passion that its founder Edmond de Rothschild had for these elegant monohull vessels.
Posted on 30 Sep
Auckland on the Water Boat Show - Showers don't deter crowds on Day 2
A tsunami of boating fans of all persuasions swept through the gates of the Auckland On the Water Boat Show this morning A tsunami of boating fans of all persuasions swept through the gates of the Auckland On the Water Boat Show when they opened this morning. Whether it was a result of the morning weather forecast or Friday was just a convenient day - who knows?
Posted on 30 Sep
CharterExpo 2017 in a new format
CharterExpo, the trade fair for the international charter industry, is planned to take place at a new venue in 2017 CharterExpo, the trade fair for the international charter industry, is planned to take place at a new venue in 2017 and will feature a new format. Beyond facilitating the classic B2B business transactions involving charter companies, agencies and booking systems, the new CharterExpo 2017 will also propel investors for charter management models and end customers to centre stage.
Posted on 30 Sep
Andersen Winches™ now featuring sleek new top design
All Andersen Winches now feature a new flush top style that further enhances their aesthetic appeal. Long known as the winch of choice for discriminating yacht owners, all Andersen Winches now feature a new flush top style that further enhances their aesthetic appeal.
Posted on 30 Sep
Collinson FX Market Commentary - Sept 29 - Reds back oil pumping cuts
Opec plus Russia reached an agreement to cut oil production overnight which allowed the price to move back to $47/barrel Opec plus Russia reached an agreement to cut oil production overnight which allowed the price to move back to $47/barrel. They do not have the sway of the cartels from the past and solidarity will be desperately hard to pursue.
Posted on 30 Sep
Yacht Racing Forum and Clipper Ventures announce 3-year partnership
The Yacht Racing Forum and Clipper Ventures are delighted to announce a long term partnership. The Yacht Racing Forum and Clipper Ventures are delighted to announce a long term partnership. Clipper Ventures runs the ‘Clipper Round the World Yacht Race’ and the professional solo global ‘5 OCEANS’ race; the company also provides extensive crew training for round-the-world sailors, corporate hospitality and team development sailing events and much more.
Posted on 29 Sep
A deceptively spacious private yacht
You would like an intimate private space on board for only your nearest and dearest, and not just for leisure You may need to use your motor yacht for business meetings and exclusive receptions. But, at the same time, you would like an intimate private space on board which can be accessed by only your nearest and dearest, and not just for leisure
Posted on 29 Sep