NPR : News

Filed Under:

Consumer Confidence Highest Since Before Recession, Survey Says

Here's news that could affect both the economy and the presidential race:

Consumer confidence has improved "in each of the past nine monthly surveys" and is now at "its highest level since October 2007," according to the latest Thomson Reuters/University of Michigan Survey of Consumers. The most recent recession officially began in December 2007, and lasted into early summer 2009.

Since consumers purchase about 70 percent of all the goods and services that businesses produce, they are a critical driving force for the economy. And, since many consumers also vote, how they feel could help determine which candidate gets their support.

But Richard Curtin, chief economist for the survey, notes in his analysis that "consumer confidence was nearly as high in the past two years before the gains were reversed. While gas prices and economic policy debates played a role in the pull backs, changes in job expectations also had a critical impact."

Copyright 2012 National Public Radio. To see more, visit http://www.npr.org/.

NPR

Patricia Clarkson On 'Learning To Drive,' Fighting For Starring Roles

NPR's Rachel Martin talks to actress Patricia Clarkson about her role as a jilted wife without a driver's license in Learning to Drive. Ben Kingsley plays her instructor, who is a Sikh man.
NPR

Open Your Eyes To The Infinite Possibility Of The Tomato

How do you transform 100 pounds of 60 varieties of tomatoes into a seven-course meal? It may sound like a math problem, but it's more of a creative journey into the infinite possibility of the tomato.
NPR

British Prime Minister Announces U.K. Will Take In More Migrants

NPR's Robert Siegel speaks with Guardian political editor Patrick Wintour about British Prime Minister David Cameron's announcement to allow more Syrian refugees into the UK.
NPR

Drone Crash At U.S. Open; New York City Teacher Arrested

The black, shoebox-sized drone flew over the court at Louis Armstrong Stadium during a second-round match and then crashed into empty seats and broke apart.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.