English | دری

US consumer confidence at its highest in 5 years

in International Business

US consumer confidence at its highest in 5 years

The latest improvement in the US job market has resulted in a jump in the US consumer confidence, rising to 72.2.

The US consumer confidence is an important economic indicator, as consumer spending forms about 70% of the overall economic activity of the nation.

Last week, the US economy grew by annualized rate of 2% in the three months to September.

The unemployment rate hit 7.8%, its lowest last month since January 2009.

“Consumers were modestly more upbeat about their financial situation and the short-term economic outlook, and appear to be in better spirits approaching the holiday season,” said Conference Board’s Lynn Franco.



Related Articles

Let the CEOs take the place of Generals in Afghanistan- India External Affairs Minister

Speaking on the inauguration of Investment Summit on Afghanistan in Delhi, External Affairs Minister S M Krishna said that foreign

“Spain does not need a bailout at all”

Rumors have it that Spain will very soon ask for a bailout, as it seems unable to get itself out

India-Pakistan border post opens for business

Historic checkpoint reopens to commercial traffic in bid to boost trade between antagonistic neighbours. For the first time since 2007,

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.