December 13, 2010
Consumer Confidence Hits Six-Month High
Consumer confidence rose to a six-month high this month, according to the preliminary monthly Thomson Reuters/University of Michigan consumer sentiment index released Friday.
The index rose to a reading of 74.2, from 71.6 in November. Economists had forecast a reading of 72.5, Bloomberg reported.
The final index will be released later in the month. An improvement in confidence may increase consumer spending, which accounts for 70% of the economy.
Consumer Confidence Hits Six-Month High | Transport Topics Online | Trucking, Freight Transportation and Logistics News
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