Consumer Reports

DEFINITION of 'Consumer Reports'

An evaluation of a new product, or a comparison between products, that is released by the American magazine, Consumer Reports. The publication is produced by nonprofit organization Consumers Union every month, and its buying guides, tests, evaluations and comparisons are all based on the magazine's own in-house testing.

BREAKING DOWN 'Consumer Reports'

Consumer Reports tests anything from tech products to automobiles to food, and prides itself on being objective. The magazine allows no outside advertising and has a strict no-commercial-use policy.


Consumer Reports has a long history dating back to 1936 when it was called Consumer's Union Reports; its first issue had reports on milk, cereal, soap and stockings. The magazine gave recommendations on which products to buy, and which were not acceptable. Consumer Reports' mission statement states that it started as a way to protect consumers at a time when advertising was first saturating mass media.

RELATED TERMS
  1. Consumer Goods

    Products that are purchased for consumption by the average consumer. ...
  2. The Accountant's Magazine - TAM

    A Scottish trade publication that covered topics related to accountancy ...
  3. Consumer Surplus

    An economic measure of consumer satisfaction, which is calculated ...
  4. Ann S. Moore

    Has served as the chairman and CEO of magazine company Time, ...
  5. Media Buy

    The purchase of advertising from a media company such as a television ...
  6. UDAAP

    Misleading or harmful behaviors by those who offer financial ...
Related Articles
  1. Budgeting

    Magazines

    If you'd like to save more money, first you'll need to conquer the first step: coming up with the cash.
  2. Retirement

    Economic Indicators: Consumer Credit Report

    By Ryan Barnes Release Date: About five weeks after month's end Release Time: 3pm Eastern Standard Time Coverage: Monthly ...
  3. Personal Finance

    Essential Publications for Financial Advisors

    There are a plethora of publications for financial advisors. What follows are the top or most widely read.
  4. Retirement

    Economic Indicators: Consumer Confidence Index (CCI)

    By Ryan Barnes Release Date: Last Tuesday of the month Release Time: 10am Eastern Standard Time Coverage: Previous ...
  5. Forex

    Consumer Confidence Index

    Economic indicators can have a huge impact on the market. Getting to know them is essential for forex traders.
  6. Economics

    What are Consumer Goods?

    Products that are purchased for consumption by the average consumer. Clothing, food, automobiles and jewelry are all examples of consumer goods
  7. Investing Basics

    Consumer Confidence Index

    The Consumer Confidence Index is the result of a monthly survey of 5,000 U.S. households by the Conference Board that measures how optimistic or pessimistic consumers are about the economy's ...
  8. Markets

    Conference Board: Consumer Confidence Index

    By Chris Stone Contact Chris A consumer's decision of whether to buy that new TV for the family room this weekend or at a later date is driven by a number of economic factors. These include ...
  9. Economics

    The Pros and Cons of Being a Nonprofit

    Evaluating the tradeoffs organizations face when choosing between becoming a tax-exempt nonprofit or for-profit business with innovative ease.
  10. Mutual Funds & ETFs

    3 Popular Consumer Sector ETFs in 2016 (XLY, XLP)

    Find out which consumer sector exchange-traded funds (ETFs) are the most popular going into 2016 based on the amount of assets under management.
RELATED FAQS
  1. How does revolving credit differ from a general line of credit?

    Examine the consumer goods sector, which accounts for nearly one-third of consumer spending, and learn which goods account ... Read Answer >>
  2. A registered representative has discovered an article in a major news magazine that ...

    The correct answer is c. The use of magazines, as well as reprints, falls under the NASD rules regarding communications with ... Read Answer >>
  3. How do subscription business models work?

    Understand how a subscription business model works and why companies prefer a subscription business model over a traditional ... Read Answer >>
  4. Which economic factors most affect the demand for consumer goods?

    Understand how key economic factors such as inflation, unemployment, interest rates and consumer confidence affect the level ... Read Answer >>
  5. Why is deferred revenue listed as a liability on the balance sheet?

    Understand why deferred revenue is listed as a liability on a company's balance sheet. Learn what is needed to recognize ... Read Answer >>
  6. What's the difference between consumer confidence and consumer sentiment?

    There isn't a difference between consumer confidence and consumer sentiment. Both terms are used to refer to the degree of ... Read Answer >>
Hot Definitions
  1. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  2. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  3. Society for Worldwide Interbank Financial Telecommunications ...

    A member-owned cooperative that provides safe and secure financial transactions for its members. Established in 1973, the ...
  4. Generally Accepted Accounting Principles - GAAP

    The common set of accounting principles, standards and procedures that companies use to compile their financial statements. ...
  5. DuPont Analysis

    A method of performance measurement that was started by the DuPont Corporation in the 1920s. With this method, assets are ...
  6. Call Option

    An agreement that gives an investor the right (but not the obligation) to buy a stock, bond, commodity, or other instrument ...
Trading Center