US consumer confidence gains more than forecast

Discussion in 'Economy' started by Truthmatters, Jan 15, 2012.

  1. Truthmatters
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    American Consumers



    Confidence among U.S. consumers increased more than forecast in January, reaching its highest level in eight months on signs the labor market is improving.

    The Thomson Reuters/University of Michigan preliminary index of consumer sentiment climbed to 74 from 69.9 at the end of December. The median estimate in a Bloomberg News survey called for 71.5. The measure has increased 9.9 points in the last two months, the biggest such gain since April-May 2009.

    The lowest jobless rate in almost three years and cheaper gasoline prices since mid-2011 are giving Americans reason to be more upbeat. While the pickup in optimism will probably help sustain household purchases, limited wage gains and falling real estate values may temper the consumer spending that accelerated in the fourth quarter.
     
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  2. Sarah G
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    Sarah G When Nothing Goes Right, Go Left Supporting Member

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    Yes!
     
  3. Truthmatters
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    every economy in the free world is based on consumer spending..

    This is recovery on its way folks
     
  4. Truthmatters
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    wow so many on here seem so very concerned aobut the economy yet no takers on this one?


    I guess you are not cheered by recovery?

    WHY?
     
  5. California Girl
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    What major 'consumer' event happened during that quarter?
     
  6. Truthmatters
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    if you have a point then make it
     
  7. sparky
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    sparky VIP Member

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    One of the 2012 Farmer's Almanac's short stories is about the Titanic, and how they tried to instill a false sense of confidence among the passengers , while well knowing they didn't have the lifeboats to accomodate them all......~S~
     
  8. Truthmatters
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    this is the consumers themselves.

    Now why do you think this country will sink killing most of its citizens?
     
  9. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Consumers are feeling good about the $6.2Trillion in additional borrowing that Obama's laid on them.
     
  10. sparky
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    sparky VIP Member

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    Why TM ?

    Beacuse i honestly believe the captains of industry no longer have any skin in the game here

    ~S~
     

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