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Consumer Enthusiasm Up Slightly

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Real Estate Agent with Signature Premier Properties

Consumer Enthusiasm Up Slightly


Consumers are more optimistic about the economy than they have been in the last year, according to the monthly consumer confidence survey by research group the Conference Board.

The Conference Board's index rose to 52.9 in December, above its level a year ago, but at a 26-year low that is far below the 1985 base level, which is 100.


"The index does not suggest that consumer confidence is high, but it's better than it was the previous couple of months when it wasn't very good at all," said Thomas Lawler, an economist.


Economists tie the still shaky level of confidence to a continuation of declining housing prices. "[Consumers] are out there tentatively, and that is reflected in the housing numbers, too," says Joel L. Naroff, an economist with Naroff Economic Advisors.


Source: The Washington Post, Dina ElBoghdady (12/30/2009)

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There Are Two Ways Of Spreading Light: To Be The Candle Or The Mirror That Reflects It. - Edith Wharton

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Comments (2)

Li Read
Sea to Sky Premier Properties (Salt Spring) - Salt Spring Island, BC
Caring expertise...knowledge for you!

In spite of all the continuing uncertainty, it may be that, as humans, we've digested fear...maybe the lift is our creative juices kicking in, in spite of it all.   

Dec 31, 2009 03:20 AM
Jeff Craig
Hang Me Up Photos - Jamestown, NC
Greensboro Area Real Estate Photography

Anything positive at this point helps, no matter how small.

Dec 31, 2009 03:27 AM