Saturday, January 3, 2015

Consumers’ confidence shoots up; construction spending slips; the week ahead …

In the holiday-shortened, final week of 2014, economic news was mixed but mostly upbeat, led by an increase in consumer confidence.

The Present Situation Index, which is a component of the Confidence Index and measures how consumers view current economic conditions, hit its highest level since February 2008.

But construction spending on public projects took an unexpected downturn.

To read more, click here.

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