My comment: This is not the Consumer Confidence Index that we use in this group and that I encouraged you to watch carefully along next months. This is a different methodology, different scales, different targets, etc.
But somehow, it predicts that CCI will not look good at the end of February, just to be ready. Peace and best wishes. Xi U.S. Michigan Consumer Sentiment Index Fell to 56.2 in February http://www.bloomberg.com/apps/news?pid=20601087&sid=agGUq_5DpD6w&refer=home Feb. 13 (Bloomberg) -- Confidence among U.S. consumers fell in February as job losses and declining prices for stocks and homes undermined Americans’ view of their financial well-being. The Reuters/University of Michigan preliminary index of consumer sentiment fell to 56.2, from 61.2 in January, according to the median forecast in a Bloomberg News survey. The drop is the first in three months and puts the index near a 28-year-low of 55.3 reached in November. The longest recession since 1982, including the loss of 3.57 million jobs, is damping Americans’ spirits, prompting them to curtail spending. Congress yesterday moved toward passage by the end of this week of a $789 billion economic stimulus plan that would cut taxes, extend unemployment benefits and expand federal spending on roads and other infrastructure. “It’s reasonable to expect consumers to be bouncing along the bottom at this stage,” Christopher Low, chief economist at FTN Financial in New York, said before the report. “Things are still deteriorating and when it comes to confidence it’s all about jobs and income.” --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "World-thread" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~----------~----~----~----~------~----~------~--~---
