Consumer spending is up
Well this is good news. The CEA reports that consumer confidence is up for the month of August.
"Consumers are feeling more confident of an economic recovery as the recession comes to an end," said Shawn DuBravac, CEA's economist and research director, in a statement. "In particular, consumers are feeling more optimistic about the broader economy, their own financial wellbeing and importantly, are feeling more secure in their own jobs. Improved confidence in job security should buoy purchase decisions moving forward."
Finally....some good news.
