Consumer Confidence On The Rise
By: Import User
Updated: January 7, 2009
The consumer confidence index rose for the fourth consecutive month to it`s highest levels since 2002.
The conference board says the index gained 3.3 points to 106.1 Experts say President Bush`s economic plan is the reason.
"Economic recovery is underway," said Mike McKinney, an analyst with A.G. Edwards. "It`s been underway for several months.
"As to how much it continues, only time will tell," he said.
Experts say the Bush tax cuts lead to more purchases of durable goods, which are items expected to last more than three years.
But McKinney says oil prices remain high and if it continues to rise, consumer spending will fall.
