Friday, March 12, 2010

Shop, Shop, Shop until you drop

MoneyElement

November 24, 2009 by MoneyElement · Leave a Comment 

Consumer confidence jumped in November 0.8% since October, from 48.7 to 49.5. Not a surprise since Holiday Season is right around the corner, as well as Black Friday.  The Expectation Index increased to 68.5 from 67.  “The Consumer Confidence Survey® is based on a representative sample of 5,000 U.S. households. The monthly survey is conducted for The Conference Board by TNS. TNS is the world’s largest custom research company. The cutoff date for November’s preliminary results was November 17th”  Few other numbers/expectations “The labor market outlook was also slightly less pessimistic. Those anticipating more jobs in the months ahead declined to 15.2 percent from 16.8 percent, but those expecting fewer jobs decreased to 23.1 percent from 26.1 percent. The proportion of consumers expecting an increase in their incomes decreased to 10.0 percent from 10.7 percent.”

 

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