Consumer confidence numbers in line with estimates

12/30/2009 | Bloomberg · Washington Post, The

The Conference Board's sentiment index measuring consumer confidence rose to 52.9 this month. The results were in line with analysts' estimates. Housing numbers have improved, but not enough to significantly impact consumer confidence, economists say. "We're going to need a more definitive improvement in the labor market before confidence improves more than it has," said Michael Moran, chief economist at Daiwa Securities America Inc., New York.

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Bloomberg · Washington Post, The

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