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 8/7/08 For Aug 2008 | ||||||||
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Highlights
August RBC CASH Consumer Attitudes and Spending by Household) index climbed to 33.8 from 14.6 in July. The July reading was an all time low for the index. The consumer bounced back thanks to declining oil prices and a rebounding stock market and worries over their economic prospects, current conditions and investing eased, although concerns about job security increased slightly. However, the ongoing decline in house prices, continued tight credit conditions and soft jobs market indicate that while sentiment might be in the process of bottoming at a very depressed level, it has not likely begun an upward trend. Historically, sentiment indicators can remain depressed during extended economic slowdowns, and they remained so for more than two years around the 1980-1 and 1990-1 recessions.
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