« Lehew Wins National Guard Junior World Championship | Home | Hammered; Bonds Rips Historic Homer »
A bit of good news for the economy
By Tazman | August 6, 2007
This article was reported in the California Association of Realtors August Newsline.
The Consumer Confidence Index reached a six-year high in July after falling off in June, a rebound economists view as a sign of gathering economic momentum focused away from the slowdown in the housing market and on job growth, according to The Conference Board.
The Consumer Confidence Index climbed to a 112.6 in July, up from 105.3 in June. “An improvement in business conditions and the job market has lifted consumers’ spirits in July,” said Lynn Franco, director of The Conference Board Consumer Research Center. “Looking ahead, consumers are more upbeat about short-term economic prospects, mainly the result of a decline in the number of pessimists, not an increase in the number of optimists. This rebound in confidence suggests economic activity may gather a little momentum in the coming months.”
read more
Topics: real estate |
