Consumer Confidence Up 12 Points In April
INDUSTRY NEWS, TIPS FOR BUYERS, TIPS FOR SELLERS
May 7th, 2009
One more sign the economy may be on the path to recovery are increases in several indices that track consumers outlook on future economic growth. Besides consumer confidence rising from 26.9 in March to 39.2 in April, the Present Situation Index rose from 21.9 to 23.7 and the Expectations Index jumped 19 points from 30.2 to 49.5.
The pessimists have declined as well. Those that believe the economy will deteriorate further over the next six months declined from 37.8% to 25.3%. Those expecting an improvement have increased from 9.6% to 15.6%.
Take these numbers with a grain of salt. All these indices remain well below levels normally associated with strong economic growth. Stay tuned for ongoing economic updates.
530-224-6767 or 530-941-7492
BRAD GARBUTT
REALTOR/BROKER ASSOCIATE
REAL ESTATE PROFESSIONALS GMAC
CORNER OF COURT AND PLACER
QUARTER CENTURY LOCAL REAL ESTATE EXPERIENCE
