Sunday, February 17, 2013

Consumer confidence

"That's the reading for consumer confidence this month, a three-month high that beat economists' forecasts. The gauge, provided by the Thomson Reuters/University of Michigan preliminary index, climbed from 73.8 in January. Increasing confidence may help preserve recent gains in household spending and propel the economy. Increased property values, a strengthening job market and stocks at five-year highs are boosting Americans' balance sheets and offsetting an increase in payroll tax."

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