Consumer confidence posts a record gain in October
October 26, 2012
ANN ARBOR—Consumers were more optimistic in the most recent survey about prospects for their own personal finances, according to University of Michigan economist Richard Curtin, director of the Thomson Reuters/University of Michigan Surveys of Consumers. The Surveys, conducted by the U-M Institute for Social Research (ISR), have been monitoring consumer attitudes and expectations for over 60 years.
Consumers also anticipated continued improvement in the national economy, and expected the unemployment rate to decline significantly during the year ahead. (more…)