Tue Sep 25, 2012, 10:17 AM
TroyD (4,499 posts)
US CONSUMER CONFIDENCE JUMPS TO 7-MONTH HIGH.
Source: Associated Press
NEW YORK (AP) — A private group says U.S. consumer confidence jumped this month to the highest level since February, bolstered by a brighter hiring outlook.
The Conference Board says its Consumer Confidence Index rose to 70.3. That's up from 61.3 in August, which was revised higher. And it's the highest reading since February, when the economy added 259,000 jobs.
The indicator is watched closely because consumer spending drives nearly 70 percent of economic activity. The reading is still below 90, a level that indicates a healthy economy. Since the beginning of the year, the index has fluctuated sharply.
The survey was conducted from Sept. 1 through Sept. 13. It showed consumers were more optimistic about the current availability of jobs and their outlook over the next six months.
Read more: http://bigstory.ap.org/article/us-consumer-confidence-jumps-7-month-high
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US CONSUMER CONFIDENCE JUMPS TO 7-MONTH HIGH. (Original post)
|Stuart G||Sep 2012||#4|
Response to TroyD (Original post)
Tue Sep 25, 2012, 10:23 AM
Stuart G (8,304 posts)
4. K and R..nt
"Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed." DWIGHT D EISENHOWER, speech April 16, 1953: