loadRenderer('message')->render('system-messages'); ?>

VoCUL: Consumer Confidence Improves but Spending Growth a Bit Lower (Leading Indicator)

Macroeconomic Outlook - Consumer Spending: Our October survey shows US consumer spending growth is slightly lower for the second consecutive survey, but remains positive and is better than a year ago. Despite the downtick, we're seeing increases for nearly every spending category led by autos and consumer electronics, as well as improvements for several major retailers. Moreover, an early look at consumer holiday shopping is encouraging as spending plans are better than a year ago. The results from the October 3-23 survey of 1,825 primarily North American consumers from 451 Research's Leading Indicator panel also show confidence is up for the first time in four months, while expectations have improved as well.