Wednesday, October 10, 2012
Consumer Confidence in U.S. Rises to a Seven-Month High
Posted by Linda H on 8:04:00 AM
Confidence among American consumers jumped more than forecast in September as a budding housing recovery and rising stock prices gave households reason to be more upbeat.
The Conference Board’s sentiment index increased to 70.3, the highest level in seven months, from 61.3 in August, figures from the New York-based private research group showed today. The reading exceeded the most optimistic projection of economists surveyed by Bloomberg. Another report showed home values rose by the most in two years.
Consumers felt better about their chances of landing a job soon and about the employment outlook over the next six months, today’s report showed, easing one of the impediments to the spending that accounts for 70 percent of the economy. The boost in confidence also comes just over a month before Americans go to the polls, giving President Barack Obama’s re-election prospects a lift.
read entire article
Apple Needs to Make it in America
