The RBC CASH (Consumer Attitudes and Spending by Household) Index is a monthly national survey of consumer attitudes on the current and future state of local economies, personal financial situations, savings, and confidence to make large investments. The CASH Index is benchmarked against a baseline score of 100, assigned in January 2002 when the Index was introduced. Why Investors Care
| Released on 9/14/07 For Sep 2007 | ||||||||
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Highlights
RBC CASH (Consumer Attitudes and Spending by Household) index tumbled to its lowest level since May 2006 as Americans viewed the current economy negatively and displayed growing pessimism about the future. The index plummeted more than 18 points to 71.1 from August's 89.3 level. All components deteriorated.
Among the results are --
The expectations component declined to 14.4 compared with 43.9 in August as consumers became more pesimistic about the job market and the local economy.
The jobs index was down to 113.6 as 45 percent of Americans reported that they feel less confident about job security.
The current conditions index was also down as negative views of the current state of the economy outweighed positive views.
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