Consumer Confidence Gauge Hits Five-Year High
October 12, 2012 at 10:54 AM EDT
The University of Michigan’s consumer sentiment index rose to 83.1 in October, up from 78.3 in September, a larger increase than analysts had expected. It was the highest level since September 2007 (although October figures are still preliminary). In the year before the recession, the index averaged about 87, Marketwatch noted. A gauge of current [...]
