Tags: US | Economy

Consumer Confidence Extends Rise in December

Tuesday, 29 Dec 2009 10:29 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

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 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Facebook Taking Piece of Mobile Ad Revenue Pie From Google

Thursday, 24 Jul 2014 10:28 AM

For the ninth straight quarter, Facebook Inc. has blown away Wall Street projections, more than doubling its $333 millio . . .

Report: Gun Prosecution Cases Plunge Under Obama

Thursday, 24 Jul 2014 08:55 AM

The number of prosecutions in gun violation cases by the Justice Department has plunged under President Barack Obama des . . .

Jane Fonda: I'll Be Mad If Murdoch Acquires Time Warner

Wednesday, 23 Jul 2014 22:01 PM

Jane Fonda says she'll be "so angry" at federal regulators if they approve an acquisition of Time Warner by Rupert Murdo . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

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