Posted on Wednesday, 27th May 2009 by Lee
Building on last months improvements, consumer confidence shot up this year, though overall is still quite low, cnbc reports. No need to say how nice this little piece of positive news is to business owners everywhere amid the torrent of blows from this recession.
“Consumers are considerably less pessimistic than they were earlier this year,” said Lynn Franco, director of The Conference Board’s Consumer Research Center.
The data was in line with other evidence suggesting that, while the economy continues to contract in the current quarter, the pace of deterioration has abated somewhat.
Read the article here.
Tags: business, confidence, consumer, recession
Posted in Culture Guides | Comments (1)
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