Mexican Media Brands
U.S. Consumer Confidence Jumps
Americans are more upbeat this month about economic prospects than they have been since February, according to the New York City-based Conference Board.
#economics
Share
Americans are more upbeat this month about economic prospects than they have been since February, according to the New York City-based Conference Board.
The research group's Consumer Confidence Index climbed to 70.3 from an upwardly revised 61.3 in August. The board says consumers are optimistic about current job availability and about prospects for employment, business conditions and their own financial situation in coming months.
The group's measure of current conditions advanced, and its gauge of expectations for the next six months surged nearly 13 points to 83.7.
Consumer confidence is closely watched because spending by individuals accounts for 70% of the U.S. economy.
RELATED CONTENT
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data