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69°
Monday, jun 15
Tag:
Consumer Sentiment
Business
Retail Sales Fall Sharply As Trump Tariffs Hurt Consumer Spending In May
US retail sales fell more than expected in May as consumers pulled back on spending amid rising economic anxiety fueled by President Donald Trump's tariffs. Seasonally adjusted sales dropped 0.9% in May to $715.4 billion, the US Census Bureau said on Tuesday, June 17. That was even worse than the 0.6% decline forecasted by the Dow Jones consensus, CNBC reported. The tumble followed a downward revision for April, which is now listed as a 0.1% decrease. Compared to last May, sales were up 3.3%, but momentum appears to be slowing. The steepest decline came from a…
Business
Canned Food Prices Rising Under Trump's Higher Tariffs, Report Says: Here's How Much
President Donald Trump's newly hiked 50% steel tariffs could make your next can of soup or vegetables more expensive. Producers of canned goods are warning about rising costs at the grocery store because of Trump's tariffs, The Wall Street Journal reported. The Consumer Brands Association said the price of canned foods could rise between 9% and 15% as a result of the tariff. That means the price of a $2 can of vegetables might jump by up to 30 cents. "The American consumer is going to pay more for their cans," said Dan Dietrich, vice president for strategy at Trivium Packaging. Trump…
Business
Americans Eating At Home Most Since 2020 Amid Trump Trade Wars, Campbell's Says
Americans are cooking and eating at home in the largest numbers since the start of the COVID-19 pandemic amid President Donald Trump's sweeping tariffs, according to the head of a major food company. Campbell's president and CEO Mick Beekhuizen made the comments in a news release announcing the company's quarterly earnings on Monday, June 2. The company with a huge brand portfolio, including Pepperidge Farms, Rao's, and Cape Cod Potato Chips, reported a 4% increase in net sales. Beekhuizen's comments come as economic pressure mounts for many Americans due to Trump's global trade wars. "Con…
Business
Tesla Trade-Ins Hit Record High As Elon Musk's Politics Alienate Drivers, New Data Says
Tesla owners are trading in their vehicles at record levels as criticism mounts against the company and billionaire CEO Elon Musk, according to new data. March has marked the highest-ever share of Tesla trade-ins toward new or used purchases at dealerships for other automakers, according to car shopping website Edmunds. The site, which receives more than 20 million monthly views, said interest in Tesla's brand is dipping and consumer loyalty is weakening. Tesla's share of vehicle trade-ins from model year 2017 or later remained steady throughout 2024, starting at 0.5 percent …
Lifestyle
New Poll Reveals Percentages Of NYers Squeezed by Gas Prices, Hit By Food Costs
If you’ve been feeling the pinch at the gas pump or grocery store lately, you’re not alone, according to a new poll from the Siena College Research Institute (SCRI). Pollsters found that 69 percent of New Yorkers said that current gasoline prices are having a very serious or somewhat serious impact on their financial condition. That’s up from 66 percent last quarter. And even more New Yorkers reported feeling burdened by the cost of groceries, with 80 percent of respondents saying that the amount of money they spend on food is having either a very serious or somewhat serious impact …
Business
Inflation Plus War Equals Uncertainty For New York Consumers, New Poll Reveals
There is growing uncertainty among New Yorkers as the Ukraine conflict rages on and inflation continues to rise, according to a newly released Siena College poll. Pollsters said that the New York State Index of Consumer Sentiment has dipped to 68 percent, down more than five points from the last poll in the fourth quarter of 2021. The poll found that the sentiment for the first quarter of 2022 found that metro New York had a more optimistic outlook, with more than 73 percent expressing a positive sentiment versus upstate New York, which fell under 61 percent. Officials noted that New York…
Politics
Consumer Sentiment Continues To Climb In New York, Poll Reveals
New York continues its recovery from the COVID-19 pandemic as consumers have flocked to stores and restaurants en masse since the vaccination became widely available. According to a new Siena College poll, the “New York State Consumer Sentiment and Buying Plans” have been continuing its pandemic recovery following a downturn in 2020. According to the new poll, which was conducted among 404 New Yorkers between Wednesday, June 16 and Tuesday, June 29, the New York State Index of Consumer Sentiment has hit 83.7 percent, up 1.2 percent from the first quarter this year. However, pollsters note…
News
Covid-
19: Most New Yorkers Expect Bad Business Conditions Ahead, New Poll Says
COVID-19: Daily Voice's Interactive Map Of NYC Metro Area Cases Most New Yorkers expect poor business conditions when the state is finally on the other side of the novel coronavirus (COVID-19) pandemic, according to a new poll. The New York State Index of Consumer Sentiment sits at 66.4 percent in the first quarter of 2020, down 26.6 points from the fourth quarter of 2019, according to the newest poll by the Siena College Research Institute (SCRI). In New York, the overall Index of Consumer Sentiment is 22.7 points below the nation’s Index of 89.1 points. All three indexes for New Yor…
Business
Trader Joe’s Ranked No. 1 In Grocery Retailer Index
In the world of grocery and retail trends, Trader Joe’s has ranked first in customer data science company Dunnhumby’s second annual Retailer Preference Index (RPI). The RPI examined the 56 largest retail chains in the U.S. grocery market, worth $700 billion, to determine which chains have the best financial performance and “consumer emotional sentiment.” Trader Joe’s made the number one spot for the second consecutive year. Other chains that topped the list include Costco Wholesale, Amazon, H-E-B and Wegmans Food Markets. Honorable mentions include Market Basket (No. 6), Sam’s Club (N…
Politics
NY State Consumer Sentiment Up, New Siena Poll Shows
Are you ready to shop until you drop? Are you worrying less about finances? What do state residents think about food and gasoline prices? According to a new Siena College Research Institute (SCRI) public opinion poll, consumer sentiment is up by more than four percentage points this year through September. That's the highest level measured in consumer confidence since March 2017, according to Siena. The new poll also found: Rising confidence numbers are driven by "iIncreasing future optimism." New Yorkers nearly match the rest of the nation with "strong expectations"…
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