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December 2009



Consumer Sentiment Improves, But Strong Headwinds Remain

December 23, 2009 – Comments (1)

Confidence improved in December as consumers are feeling slightly better about expectations for economic growth and employment. However, the gains are tenuous as personal finances are still being described as “dismal”. The Reuters/University of Michigan Index of Consumer Sentiment rose to 72.5 in December from 67.4 a month ago. While the index sits near the top of its two-year range, it still remains well below the 10-year average and below the 73.5 print we saw in September.  [more]



Weekly Retail Sales: Time to Take off the Rose-Colored Glasses

December 22, 2009 – Comments (1)

There has been endless speculation over the past few months about how holiday retail estimates were too conservative because inventories that were slashed would have to be re-stocked, consumers needed to release their “pent-up” demand, and performance was being compared to sales declines from last year which were the worst on record. Well, as we near the end of the holiday season, it appears the original estimates were spot on, and the best that can be expected is a just slight increase from 2008.  [more]

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