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Consumers Are Skeptical About the Recovery09-02-09 | News

Consumers Are Skeptical About the Recovery




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Most consumers remain conservative in their spending and have elected to avoid unnecessary purchases. As the summer winds down, the staycation remains the order of the day. ?EUR??,,????'??? Courtesy of Write Livelihood


Households remain skeptical about the outlook for the economy, and certainly, the bleak job market is a major contributor. This could affect landscape contractors seeking installation or maintenance jobs from home owners on a tight budget.

The last two readings of consumer confidence by the Conference Board and consumer sentiment by the University of Michigan have declined. Further, retail sales were down 0.1 percent in July, even with the Cash for Clunkers program drawing in plenty of new car buyers. Excluding autos, retail sales fell 0.6 percent. ?EUR??,,????'??? Courtesy National Association of Home Builders

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