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Consumer Confidence Lags in the Second Quarter

Consumer Confidence and Manufacturing Drop in Q2

consumer confidenceHome sales and home prices were up in the second quarter of 2016, but other economic indicators didn’t look so good in the U.S.

Consumer confidence, as reported in The Conference Board’s Consumer Confidence Index, dipped 1.5 percent year over year, expressing a decreasing optimism about the state of the economy.

The Purchasing Managers’ Index also decreased, but continued to read above 50, which means the manufacturing sector is still growing.    

And housing starts were flat, with no increase above the second quarter of 2015.


About Kate Klein

Kate is profiles editor for Hardware Retailing magazine. She reports on news and industry events and writes about retailers' unique contributions to the independent home improvement sector. She graduated from Cedarville University in her home state of Ohio, where she earned a bachelor's degree in English and minored in creative writing. She loves being an aunt, teaching writing to kids, running, reading, farm living and, as Walt Whitman says, traveling the open road, “healthy, free, the world before me.”

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