ECONX Consumer Confidence Shows Surprising Increase

The Conference Board reported a rise in the consumer confidence level in September to 59.8 from an upwardly revised 58.5 reading in August. This is the highest level since last April and drives up the 3-month average to 56.7 from 53.8 in August.

The present situation index slipped to 58.8 from 65.0 while the expectations index jumped to 60.5 from 54.1. The headline on confidence is good news, but ultimately, it should be viewed as irrelevant news for the market today since the survey captures responses given mostly in advance of the latest market turmoil.

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Posted: 9/30/2008 10:38:41 AM by Global Administrator | with 0 comments

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ECONX Consumer Confidence Shows Surprising Increase

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