Wednesday, December 1, 2010

Just in Time for the Holidays: U.S. Consumer Confidence Improves to Highest Level Since June

Consumer confidence is on the rise
The Conference Board today reported that the consumer confidence index improved to 54.1 in November from 49.9 in October. Dr. David Krause, AIM program director said, "Even though the number is still historically low, this is a positive sign for holiday sales. The November consumer confidence figure was another better-than-expected reading on the economy and is hopefully an indicator that the U.S. consumer is going to drive December retail sales above current expectations."

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