Consumer confidence falls on economic concerns
Last week the Bloomberg Nanos Consumer Confidence Index was higher with job security and the housing market both showing optimism. This week’s figures though reveal that the confidence was short-lived. Those surveyed felt that the economy was not looking as positive, especially with the surprise trade deficit reported on Friday. Confidence in job security is also down on the previous figures. However, when asked about real estate the percentage of respondents who expected price increases in the next six months, was higher.