Consumer sentiment up, but perspective is still crucial

Consumers are optimistic. That was the verdict that could be gleaned from the most recent University of Michigan Consumer Confidence Survey. Consumer confidence in the US has risen to its highest level since January 2008.

3rd October, 2009

Consumers are optimistic. That was the verdict that could be gleaned from the most recent University of Michigan Consumer Confidence Survey. Consumer confidence in the US has risen to its highest level since January 2008.

The numbers came in substantially ahead of market expectations; this positive surprise was put down to a slowing pace of job losses and a battery of signs of a healing economy. In deed, the most recent numbers on the ground at...

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