Saturday, April 18, 2009

Consumer Confidence

American consumer confidence has ticked up to its highest since the collapse of Lehman Brothers in September 2008. The Reuters/University of Michigan index rose to 61.9 in April, from 57.3 in March, to be at its highest since 70.3 last September.

The U.S. has 304 million consumers and they have more than one million retail outlets at which to shop (not to mention mail order and web-based businesses). Retail is a $4 trillion a year industry.

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