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

'Historic Landmark' Status Complicates Corcoran Renovations

Plans by George Washington University to renovate the Corcoran Gallery of Art may be thrown for a loop after D.C.'s historic preservation board designated much of the interior of the building as a historic landmark.

NPR

In This Museum, Visitors Can Eat The Exhibits

The Southern Museum of Food and Beverage in New Orleans chronicles the eats and drinks of the Southern states. And it may be one of the only museums where visitors can imbibe while viewing exhibits.
NPR

Staten Island Candidates Avoid Talk Of Eric Garner Case

In the New York Congressional district where an an unarmed black man died at the hands of police last year, neither candidate for a special congressional election is using the death to score points.
NPR

As Health Apps Hop On The Apple Watch, Privacy Will Be Key

The notion of receiving nutrition advice from artificial intelligence on your wrist may seem like science fiction. But health developers are betting this kind of behavior will become the norm.

Leave a Comment

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