04 Nov '12, 5pm

Higher Consumer Confidence May Jolt #Electronics #Sales

The electronics market may still wring out a respectable finish to the year if rising consumer confidence in the United States translates into strong sales during the Thanksgiving and Christmas holiday period. A recent report from the Conference Board, an industry organization that monitors conditions in the US economy, says consumer confidence surged in October to its highest level since February 2008, boosted by a sense of steady improvements in the employment market. The industry body also says consumers feel better about their finances, and this belief is being reflected in their response to the Conference Board's survey. "Consumers were considerably more positive in their assessment of current conditions, with improvements in the job market as the major driver," says Lynn Franco, Director of Economic Indicators at the Conference Board, in the statement cited above. "C...

Full article: http://www.ebnonline.com/author.asp?section_id=1038&doc_i...

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