Signs of Recovery – Recession not over yet
One of the few economic indicators to show positive results in the fourth quarter is a rising sense of customer satisfaction with retailers, according to the latest report of the American Consumer Satisfaction Index.
In past recessions rising consumer satisfaction has been one of the leading indicators of a sales recovery. But in order for strong customer satisfaction to translate into demand, it is also necessary that consumers have the means–cash and credit–to spend.
Still the news is positive in that for spending to rebound, consumers’ expectations about the gratification from future discretionary spending must be high or rising. And the study, in fact, shows that condition has been met.
Just my 2 cents. Jim @ ChangeJarSavings.com
© 2009 ChangeJarSavings.com
1Trevor @ Financial Nut
wrote on 4 March 2009 at 19:23
The biggest indicator to me is how the stock markets react. Period. I am really hoping to see some confidence on Wall Street soon.
Great post. Thanks for your comments.