Real estate blog entries tagged with consumer by Genet Astatke-Faison (LongandFoster)

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Home : Blogs : Genet Astatke-Faison : Genet's Blog : Tag "consumer"

consumer: Consumer mood hits 8-month high in September: survey - 09/17/08 11:59 AM

ReutersConsumer mood hits 8-month high in September: surveyFriday September 12, 10:30 am ET By Steven C. Johnson
NEW YORK (Reuters) - Consumer confidence soared unexpectedly to an eight-month high in September as lower fuel prices soothed inflation fears and made Americans more hopeful about the economy, a survey showed on Friday.
The Reuters/University of Michigan Surveys of Consumers said its preliminary index of confidence jumped to 73.1 in September, the highest since January, from 63.0 in August, for the biggest monthly jump since January 2004.
September's reading was well above economists' median expectation of 64.0, according to a Reuters poll.
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