real estate: April Housing Market - 06/21/08 08:44 AM
Consumer confidence in April 2008 has decreased by -5.46% from last month, and is down -41.39% from a year earlier. Consumer confidence is a barometer that measures the attitudes and feelings towards the outlook of the economy. In general when this index rises it has a positive effect on the economy. As people become more confident about the economy, they begin to relax their worries and spend more money. All things equal, as people spend more the economy grows. Consumption drives demand and demand drives consumption.
To put this into perspective domestic demand makes up roughly two thirds the U.S. economy. … (0 comments)

 

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