US Consumer Confidence Rises In Latest Week - ABC News Survey

U.S. consumer confidence improved slightly overall in the week ended Sunday, according to an ABC News index, after falling three points in the prior week. But confidence among higher-income respondents was the highest since November 2007.

The overall reading rose one point to -45 on its scale of -100 to +100. That matches its average this quarter. The average reading has been below -40 for the past 10 quarters in a row, although the long-term average is -13.

But among those with annual household incomes of $100,000 or more, the index was at +21 compared with a -4 rating at the end of August.

Among all those surveyed, the percentage viewing the national economy and their personal finances positively did not change, but 27% saw the buying climate as positive in the latest survey, up from 25% a week earlier.

Read Full Article from Wall Street Journal

- Posted: 2010-09-28 21:20:01

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