Transport Topics Online
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
12/6/2013 10:05:00 AM Write a Letter to the Editor Write a letter to the Editor

Consumer Confidence Rises to Five-Month High

Consumer confidence rose to the highest level in five months, according to the Thomson Reuters/University of Michigan consumer sentiment index released Dec. 6.

The month’s preliminary index rose to 82.5, the highest since July, from 75.1 in November.

“We have seen consumer confidence generally moving higher for upper-income households, but we also are seeing gains among most households because of the improving labor market,” Dean Maki, chief U.S. economist at Barclays, told Bloomberg News. “That’s the factor that’s pushing confidence up.”

The recent gains in employment and stock portfolios are supporting confidence as concerns ease that gridlock in Washington will harm the economy, Bloomberg reported.

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2013, Transport Topics Publishing Group. All rights reserved.


  RELATED ARTICLES

 
LATEST NEWS



 
LATEST JOBS
Follow Us

Newsletters

TTExpress
This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.

Services

Advertising




© American Trucking Associations, Inc., All Rights Reserved TTNews.com Privacy Statement