Wednesday, October 28, 2009

U.S. consumer confidence up for first time since 2007


Not bad, not at all. And if you throw in the 388k jobs saved or created, we could be in okay condition next year.

HONG KONG (Reuters) - Global consumer confidence is rebounding, and in the United States has risen for the first time since 2007, amid signs the world economy is picking up although spending is still restrained, a survey showed on Wednesday.

(snip)

In the United States and Europe, high unemployment continued to discourage spending on big-ticket items although confidence had improved as the worst appeared to be over for those economies, New York-based Nielsen said.

In the United States -- the world's biggest consumer market -- consumer sentiment rose from three months ago for the first time since early 2007.

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