Voice of America: US Consumer Confidence Rises

Voice of America Voice of America is an international news and broadcast organization serving Central and Eastern Europe, the Caucasus, Central Asia, Russia, the Middle East and Balkan countries

US Consumer Confidence Rises Oct 12th 2012, 15:27 U.S. consumers have grown more optimistic, which could boost retail sales and the economy. Friday's report from the University of Michigan says a measure of "consumer sentiment" rose to the highest level since before the recession began - a gain of 4.8 points to a reading of 83.1. Economists say confident consumers are more likely to make purchases, which is important because consumer demand drives more than two-thirds of all U.S. economic activity. A separate report from ...

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