Consumer Confidence Rising

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RBC Financial Group reports that consumer confidence is on its way back up, after seven months of a downward spiral. The CASH (Consumer Attitudes and Spending by Household) Index jumped 30.1 points to reach 38.3 - the first improvement since September 2008.

Another encouraging sign is that according to the RBC survey, 39 percent of people believe their local economy will be stronger next month, a 9 percent jump from March. However, confidence in the job market remains low - 37 percent say it's likely they or someone they know will lose their job in the next six months, compared with 39 percent of respondents last month.

 

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1 comment

Lazetta LiDrazzah, Jr. 04-13-2009 10:04 PM

Finally some optimision being shown, but I still remain confident that a bigger jump will be seen and felt by mid June.

The tax season is upon us, and with the Stimulus packages reaching homes soon, much gain in this regard shall be reflected by then.  Mark my word.

LaZetta LiDrazzah, Jr.

Portland, ME

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