Cleaning & Restoration Breaking News

University study shows consumer confidence up three months straight

A university study shows U.S. consumer confidence rose for a third straight month in December.

NEW YORK -- A University of Michigan study shows U.S. consumer confidence rose for a third straight month in December.

The report closely watched a consumer sentiment index climb to 88.8 in December from 83.9 in November, according to market sources, beating forecasts of 85.7 and ahead of the index's September low of 81.8. The preliminary reading, released mid-month, was 85.8.

Still, the Michigan sentiment index is down sharply from a peak of 112.0 in early 2000, but over the past three months has clawed most of its way back to where it was before the devastating Sept. 11 attacks. The sentiment index stood at 91.5 in August.

Consumer spending, while not likely to contract in the fourth quarter, will remain sluggish as most Americans expect the 5.7 percent jobless rate to climb more.

The University of Michigan's current conditions index gauges consumers' attitudes about their present financial situation. It edged up to 99.0 in December from 95.3 in November, with a preliminary December reading of 95.9. The expectations index tracks consumer attitudes about the next 12 months. It spiked to 82.3 in December from 76.6 in November. The preliminary December reading was 79.3.

Did you enjoy this article? Click here to subscribe to i Cleaning Specialist Magazine.

You must login or register in order to post a comment.



Image Galleries

The 2014 Experience Conference and Exhibition

A look in photos at the 2014 Experience Conference and Exhibition, which was held from April 24-26 at the Embassy Suites Convention Center and Spa in Frisco, Texas.


Beginning April 21, Google will start judging websites based on their mobile friendliness. What exactly does this mean to you cleaning website? Find out in the latest edition of The Hitman Advertising Show, which will also cover tips and suggestions on getting mobile compliant.
More Podcasts

ICS Cleaning Specialist Magazine


2015 April

The April ICS issue features content on concrete polishing, green cleaning, air duct cleaning, injection sprayers and new products.

Table Of Contents Subscribe

Janitorial Work

In addition to residential and commercial carpet cleaning, do you do any janitorial work on the side?
View Results Poll Archive


The Carpet Cleaner's Book of Unlimited Success! (ebook)

Don’t worry about the recession or about your competition.  Now you can be the owner of over 400 ways for carpet cleaning professionals to make more money and get more jobs!

More Products


Director_Buyer.jpgThe premier resource and reference guide for the cleaning and restoration industries.

Click here to view


facebook_40.png twitter_40px.png youtube_40px.png


Truckmount.jpgEquipment listings and specifications from the leading industry manufacturers.

Click here to view