Friday, September 14, 2007

Consumer Confidence--Preliminary September Number

Despite a softening housing market, increases in foreclosures, the first decline in U.S. payrolls in four years, job slashing in the mortgage industry, and the dollar hitting a record low against the euro--consumer sentiment seems to be holding steady at 83.8 mid-month, compared to 83.4 in August, according to the University of Michigan/Reuters survey of consumer sentiment.