Tuesday, November 30, 2010

Optimism for '11 pushes consumer confidence higher

This article talks about how consumers are more confident in the economy then in the previous 5 months. These reports come out despite the weakening in home prices, and also the high unemployment within the economy. The consumer confidence board said that consumer confidence has gone up 5% according to their polls, I wonder if this is more of a holiday thing and that the resurgent in the market is from the holiday season.

1 comment:

Andrew Martin said...

I believe it might be a combination of both. The economy is recovering slowly, but at the same time many companies count on huge holiday season sales to boost revenues and profits. A strong buying season is exactly what many of these companies need to get back on their feet.