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Home > Despite Plunge In Spending, Consumer Confidence Jumps To 7-Year High

Despite Plunge In Spending, Consumer Confidence Jumps To 7-Year High

By Tyler Durden
Created 10/31/2014 - 09:03
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Submitted by Tyler Durden [1] on 10/31/2014 09:03 -0500



 

The final UMich consumer confidence print (after preliminary 86.4) is higher again at 86.9 - the highest since July 2007. Ofcourse hope rose - future expectations up from 75.4 to 79.6) while current situation dropped (98.9 to 98.3)... as we all know escape velocity and wage gains (despite tumbling spending and slowing income in reality).

 

 

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Source URL: http://www.zerohedge.com/news/2014-10-31/despite-plunge-spending-consumer-confidence-jumps-7-year-high

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