Tags: rasmussen | consumers | investors | economy

Rasmussen: Only 27% of Consumers Feel Economy is Improving

Sunday, 19 Aug 2012 03:55 PM

Some 27 percent of American consumers feel the economy is improving, while 49 percent feel the country is taking a turn for the worse, a Rasmussen Reports survey finds.

The poll also found that 30 percent of investors feel the economy is getting better while 51 percent believe the economy is heading in the wrong direction.

Editor's Note: Startling Proof of the End of America’s Middle Class. Details in the Video

The Rasmussen Consumer Index, which measures consumer confidence on a daily basis, rose two points on Saturday to hit 83.9.

Consumer confidence is up four points from a week ago and up two points from a month ago, but is down seven points from three months ago.

Meanwhile, the Rasmussen Investor Index also was up two points to 89.8.
Investor confidence is up a point from a week ago and up two points from a month ago, but is down 11 points from three months ago.

Other surveys indicate some cautious optimism regarding the economy.

The Thomson Reuters/University of Michigan preliminary consumer sentiment index for August hit its highest level since May at 73.6, up from 72.3 from July.

Some analysts interpreted the data to show that while the economy may be on more solid footing today, the future remains uncertain.

"Consumers are feeling a little better about the current economy, though a little more concerned about the outlook. Current conditions are at the highest level in about three years. That's encouraging," said Gary Thayer, chief macro strategist, Wells Fargo Advisors in St. Louis, Missouri, according to Reuters.

"People are still concerned about jobs, but they're seeing home prices stabilize so they're feeling better about that. Housing market conditions don't seem to be deteriorating, as they did in the past few years. In some communities, prices and sales are firming — not dramatically. But sentiment is still relatively low compared to where it was before the recession."

Editor's Note: Startling Proof of the End of America’s Middle Class. Details in the Video

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2012-55-19
Sunday, 19 Aug 2012 03:55 PM
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