Wednesday, October 27, 2010

U.S. consumers are still very cautious

The latest report on consumer confidence from the Conference Board's October slightly higher than 50.2, but said that U.S. consumers are pretty dejected. The index assessing the current situation continues to fluctuate around the minimum at 20. It's very low levels compared to the middle of last decade, when this component is often exceeded 120. Component, which describes the employment, suggests that the job was to get even harder, the expectations of income deteriorated, and plans to buy are depressing. This report does not offer anything spectacular for the cost figures.
In Italy things are better than many expected. Contrary to everything the pessimism that surrounds Italy, some of the latest news is truly impressive. Indicator of consumer confidence rose in October to 107.7, considerably better than expected.
Heads of Nissan and Toyota was named by the yen crisis. Strong words from the heads of the two largest automakers in Japan described the night that the strength of the yen was a big problem and poses a difficult challenge for the future of Japanese production.

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