Tags: US | Economy

Consumer Confidence Extends Rise in December

Tuesday, 29 Dec 2009 10:29 AM

 

A monthly survey says consumers' confidence in the economy rose again in December. The rise was fueled by a long-term outlook on jobs that reached its highest level in two years.

The New York-based Conference Board says its Consumer Confidence Index rose to 52.9, up from a revised 50.6 in November. Economists surveyed by Thomson Reuters predicted a reading of 52.

The reading is still far short of the 90 that would signify a solid economy.

Special: Get Sarah Palin’s New Book – Incredible FREE Offer -- Click Here Now.  

Economists watch consumer sentiment because spending on goods and services for consumers accounts for about 70 percent of U.S. economic activity.

The survey of 5,000 ran Dec. 1 through 21.

© Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

1Like our page
2Share
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved