Jan
26

Consumer Confidence?

26 I think consumers felt better as ‘11 got underway. According to the latest Conference Board survey the index came in better than expected in Jan. rising to 60.6 from 54 in Dec. But, the Univ. of MI Consumer Confidence survey showed a near-two point dip in Jan. To put the CB’s Jan reading of 60.6 into context, the avg level during economic expansions is about 100; during recessionary periods the average is below 70.

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