August 12, 2020         
Molina Healthcare Announces “The MolinaCares Accord,” With a $150 Million Initial Funding Commitment   •   Economic Uncertainty and Food Instability in Nigeria Propel Alight to Engage with Unexpected Partners   •   Camtrade Footwear Announces Company Name Change to The Enjoiya Group   •   Macy’s, Inc. To Report Second Quarter Results on September 2   •   Advanced Intelligence LLC Releases Revolutionary Threat Prevention & Loss Avoidance Platform   •   It’s Lyme Disease Season: ‘Be on Guard and Get Tested’ Says Leading Health Solutions Developer Quidel Corporat   •   Women's Excellence Offers Non-Surgical Treatment for Vaginal Dryness and Painful Intercourse   •   Mercy Medical Center Recognized as 5-Star Recipient for Gynecologic Procedures and Vaginal Delivery for 3rd Consecutive Year   •   Michelin Challenge Design Becomes Movin'On Challenge Design   •   /C O R R E C T I O N from Source -- Royal Canadian Mounted Police Media Relations and Issues Management/   •   New Survey by Force of Nature Reveals Significant Concern About the Safety of Cleaning Chemicals Being Used During the Pandemic   •   Rudy, Exelrod, Zieff & Lowe: Former COO of Pinterest Francoise Brougher Alleges Gender Discrimination and Retaliation at the   •   HJFMRI Receives Grant to Research COVID-19 Impact on Pregnant Women and Newborns   •   Child Welfare Activist Laura Formentini Announces New Book About Positive Transformation of Once-Sponsored Children, Endorsed by   •   Rachel Wegner's newly released "Uniquely You" tells of the matchless surprises of being unique and special   •   Medical Guardian Announces Expansion of Its Newest Division – MG Healthcare – Representing the Company's Growth into   •   Alabama Destinations Career Academy Ready for the New School Year   •   Shondaland Audio and iHeartMedia Release New Original Podcasts and Announce Upcoming Lineup   •   Tennessee’s First Legal Moonshine Distillery Celebrates 10th Anniversary With Release of ‘Ole Smoky® 153 Moonshi   •   MadaLuxe Group Sees 500% E-Commerce Growth During Pandemic, Driven by Luxury Eyewear and Watches
Bookmark and Share

Hispanics' Consumer Confidence Increases During Second Quarter of 2020 Despite Persistence of COVID-19

Hispanics' Consumer Confidence Increases During Second Quarter of 2020 Despite Persistence of COVID-19

PR Newswire

BOCA RATON, Fla., July 16, 2020 /PRNewswire/ -- Consumer confidence among Hispanics in the United States edged higher in the second quarter, even as it became clear that the coronavirus pandemic would not be a temporary disruption.

The Hispanic Consumer Sentiment Index increased to 82.8 from 81.3 in the first quarter, according to the Florida Atlantic University Business and Economics Polling Initiative (FAU BEPI) in FAU's College of Business. The index is higher than the general population's consumer confidence sentiment in June of 78.1, as published by the University of Michigan.  

Hispanics' consumer confidence weakened at the end of 2019 as concerns grew that the longest economic expansion in history was due to end. But confidence plummeted in the first quarter of 2020 after the first cases of COVID-19 in the U.S. led to a sweeping shutdown of non-essential businesses and millions of job losses.

"Perhaps what has contributed to the second quarter optimism is the reopening of the economy, low interest rates and deep discounting by businesses desperate to increase sales," said Monica Escaleras, Ph.D., director of FAU BEPI.

In the second quarter of 2020, fewer Hispanics said they are better off financially than a year ago, but 71 percent said they are more optimistic of their future financial situation, compared with 58 percent who felt that way in the first quarter of 2020.

As for the country's economic outlook, 46 percent of respondents said they expect good business conditions in the upcoming year, up from 34 percent in the first quarter. Also, 60 percent of respondents are confident in the long-run economic outlook, compared to 57 percent in the first quarter. Hispanics who self-identified as Republicans (70 percent) are more optimistic in the long-run economic outlook of the country than Democrats, Independents and non-registered voters.

Despite the better mood overall, fewer Hispanics in the second quarter (42 percent) believe it is a good time to buy a big-ticket item compared to the first quarter (53 percent).

With consumer confidence increasing, fewer Hispanics disapproved of U.S. President Donald Trump's performance compared to the first quarter. His disapproval rating fell 5 percentage points, to 49 percent from 56 percent.

The poll is based on a sampling of 741 Hispanics, 18 years of age and older, from March 1 to June 30. The margin of error is +/- 3.60 percentage points.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/hispanics-consumer-confidence-increases-during-second-quarter-of-2020-despite-persistence-of-covid-19-301094455.html

SOURCE Florida Atlantic University Business and Economics Polling Initiative



Back to top
| Back to home page
Video

White House Live Stream
LIVE VIDEO EVERY SATURDAY
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Video

LIVE BROADCASTS
Sounds Make the News ®
WAOK-Urban
Atlanta - WAOK-Urban
KPFA-Progressive
Berkley / San Francisco - KPFA-Progressive
WVON-Urban
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
WADO-Spanish
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
WOL-Urban
Washington - WOL-Urban

Listen to United Natiosns News