What Vacuum Cleaners Are Telling Us

Joe Weisenthal discusses the latest consumer confidence data, highlighting a significant drop in overall confidence but noting positive trends in consumer purchase intentions for items like vacuum cleaners and cars. Despite concerns about the labor market, these purchase intentions suggest some economic resilience.

What was the general trend in consumer confidence according to the latest data?

• It showed a significant increase.

• It remained stable.

• It experienced a notable drop.

• It was not reported.

What question was asked to consumers regarding vacuum cleaners?

• Have you recently purchased a vacuum cleaner?

• Do you think vacuum cleaners are essential?

• Do you own a vacuum cleaner?

• Do you plan on buying a vacuum cleaner in the next six months?

How did the demand for vacuum cleaners change after the 2008-2009 crisis?

• It was not affected by the crisis.

• It decreased further.

• It remained unchanged.

• It showed a lot of pent-up demand.

What trend was observed in consumer intentions to buy cars?

• Interest remained the same.

• There was no data on car purchases.

• Interest spiked up nicely.

• There was a decline in interest.

Despite low consumer confidence, what positive trend was noted?

• Significant purchases for homes and work.

• Higher employment rates.

• Decreased interest in luxury items.

• Increased savings.