Consumer Confidence: Moving Up

CNNMoney reports consumer confidence rose in Sept. to 70.3, well above the 63 reading many economists expected, and higher than the 61.3 August number. The Conference Board, a business research firm, says consumers who expect more jobs in the days ahead rose from 15.8 to 18.5, and those saying jobs are difficult to obtain edged lower. Lynn Franco of The Conference Board says, “Despite continuing economic uncertainty, consumers are slightly more optimistic than they have been in several months.” The survey showed those expecting conditions to get better in the next six months rose from 16.7 percent to 18.2 percent. As MHProNews has learned, rising consumer confidence often leads to a rise in consumer spending, the cornerstone of the U.S. economy.

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