Consumer Confidence Hits Highest Point In Nearly Five Years | WAMU 88.5 - American University Radio

NPR : News

Filed Under:

Consumer Confidence Hits Highest Point In Nearly Five Years

By at least one measure, in October consumers were the most confident they've been since February 2008, the private Conference Board reports.

Its widely watched consumer confidence index rose to 72.2 from 68.4 in September. According to a statement from the board's director of economic indicators, Lynn Franco, "consumers were considerably more positive in their assessment of current conditions, with improvements in the job market as the major driver. Consumers were modestly more upbeat about their financial situation and the short-term economic outlook, and appear to be in better spirits approaching the holiday season."

Since consumers purchase about 70 percent of all goods and services, their mood is a key economic indicator.

This news follows the morning's other major economic indicators, which included word that private payrolls may have increased last month by about 158,000 jobs.

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

WAMU 88.5

Key Civil War Generals The Subject Of New Smithsonian Exhibit

A new exhibit at the Smithsonian's National Portrait Gallery focuses on Civil War generals Ulysses S. Grant and Robert E. Lee.
NPR

Is Foster Farms A Food Safety Pioneer Or A Persistent Offender?

The California chicken producer has been dogged by food safety problems at its plants for months. But Foster Farms may also now be one of the country's cleanest, safest sources of chicken products.
NPR

Congress Has The Ability To Fix Immigration Crisis, Obama Says

His remarks in Dallas followed a meeting with faith leaders and local officials, including Gov. Rick Perry, to discuss the large number of unaccompanied minors at the border.
NPR

What Burritos And Sandwiches Can Teach Us About Innovation

Is a burrito a sandwich? The answer may sound simple to you ... but the question gets at the very heart of a tension that's existed for ages.

Leave a Comment

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