Tuesday, September 28, 2010

Consumers Confident... That They Lack Confidence

Says Lynn Franco, Director of The Conference Board Consumer Research Center:

“September’s pull-back in confidence was due to less favorable business and labor market conditions, coupled with a more pessimistic short-term outlook. Overall, consumers’ confidence in the state of the economy remains quite grim. And, with so few expecting conditions to improve in the near term, the pace of economic growth is not likely to pick up in the coming months.”