Skip to comments.Consumer confidence ticks higher
Posted on 09/28/2011 6:37:08 AM PDT by Free Vulcan
As expectations slightly gained, consumer confidence ticked higher in September while remaining at low levels, the Conference Board reported Tuesday.
The nonprofit organization said its consumer-confidence index rose to 45.4 in September from 45.2 in August, when it had plunged on worries about jobs and the U.S. debt, among other factors...
Economists surveyed by MarketWatch had expected a September reading of 46.1...The August confidence reading was upwardly revised from a prior estimate of 44.5.
(Excerpt) Read more at marketwatch.com ...
and who decides this rate exactly?
How very deceitful.
Instead of saying Consumer Confidence doesn’t meet expectations....it says confidence increases .2 of a percent.
Instead of ‘unexpectedly’ missing, by over a percent.
Age of Obama and all...
I always find these analyses fascinating. What changed in August to make consumer confidence grow? It makes sense. Kinda like the stock market. “European debt fears” drive the market down 400 pts. on a Monday and the market rebounds on Wednesday. What, the European debt went away in 2 days? It’s all BS.
Consumer confidence ticked higher as people put items on lay-a-way for Christmas being less them three months away.