Daily Economic Indicator: Consumer confidence increases for fifth straight month

02/7/2012 | Hill, The

Consumer confidence in the U.S. continues to climb, as the latest data from the Gallup Economic Confidence Index hit -27, on scale where -100 in a complete lack of confidence and 100 is complete confidence. The January report marked the fifth straight month of increasing confidence. "[J]ob market momentum will need to continue if the improvement in Americans' economic confidence is to persist. Economic confidence still has a long way to go to get into positive territory," Gallup says.

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Hill, The

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