San Diego Real Estate Blog

Consumer confidence increased to 54.1 (1985=100) in August compared with   47.4 in July, according to a report released yesterday by The Conference Board. The Present Situation Index increased to 24.9 in August from 23.3 last month, and the Expectations Index improved to 73.5 compared with 63.4 in July, according to the report.

 

Consumers' appraisal of the job market was more favorable this month, with those saying jobs are "hard to get" decreasing to 45.1 percent from 48.5 percent, and those claiming jobs are "plentiful" increasing to 4.2 percent from 3.7 percent. Consumers' short-term outlook was much improved from last month, and the labor market outlook also was more upbeat, according to the report.

Posted by Leo Gonzalez on August 27th, 2009 11:53 AMPost a Comment (0)
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