Current Weather
The Spy FM

Consumer Confidence Highest Since Before Recession, Survey Says

Filed by KOSU News in Business.
May 25, 2012

Here’s news that could affect both the economy and the presidential race:

Consumer confidence has improved “in each of the past nine monthly surveys” and is now at “its highest level since October 2007,” according to the latest Thomson Reuters/University of Michigan Survey of Consumers. The most recent recession officially began in December 2007, and lasted into early summer 2009.

Since consumers purchase about 70 percent of all the goods and services that businesses produce, they are a critical driving force for the economy. And, since many consumers also vote, how they feel could help determine which candidate gets their support.

But Richard Curtin, chief economist for the survey, notes in his analysis that “consumer confidence was nearly as high in the past two years before the gains were reversed. While gas prices and economic policy debates played a role in the pull backs, changes in job expectations also had a critical impact.” [Copyright 2012 National Public Radio]

Leave a Reply

10AM to 11PM On Point

On Point

On Point unites distinct and provocative voices with passionate discussion as it confronts the stories that are at the center of what is important in the world today. Leaving no perspective unchallenged, On Point digs past the surface and into the core of a subject, exposing each of its real world implications.

Listen Live Now!

11AM to 12PM The Story

The Story

The Story with Dick Gordon brings the news home through first-person accounts. The live weekday program is passionate, personal, immediate and relevant to listeners, focusing on the news where it changes our lives, causes us to stop and rethink, inspires us.

View the program guide!

12PM to 1PM Fresh Air

Fresh Air

This one-hour program features Terry Gross' in-depth interviews with prominent cultural and entertainment figures, as well as distinguished experts on current affairs and news.

View the program guide!

Upcoming Events in your area (Submit your event today!)

Streaming audio and podcasts

Stream KOSU on your smartphone

Phone Streaming

SmartPhone listening options on this page are intended for many iPhones, Blackberries, etc. with low-cost software applications available to listen to our full-time web streams, both News on KOSU-1 and Classical on KOSU-2.

Learn more about our complete range of streaming services

We're perfecting the patient experience - Stillwater Medical Center