Still Weak Consumer Confidence Picks Up Slightly
By Michelle Krebs December 30, 2009Reinvigorating the housing sector and boosting confidence are considered key components to revitalizing the economy and auto sales, economists say.
To that end, the monthly survey by the Conference Board showed consumer confidence picked up slightly in December after rising in November, but still remains weak, largely due to the job picture.
The Standard & Poor's/Case-Shiller home-price index, which tracks sales in 20 major metropolitan areas, showed that prices of single-family homes were largely flat in October compared with September, another factor that undermines consumer confidence.
LEAVE A COMMENT