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And welcome back some encouraging news for the US economy consumer confidence increasing slightly.
In August 281 point five that's up from 81 in July and that's just below the 82 point one reading in June which was.
The highest since January 2008.
-- Callaway is live in Washington so it -- this is there is it's a different way to men here.
And -- -- a better way to measure the economy why is that.
-- help primarily because it incorporates a wider array of data points -- includes ten different components of economic health.
Average weekly hours and manufacturing average weekly initial claims for unemployment insurance new manufacturing orders for consumer goods and materials.
Building permits a new private housing units and stock prices for 500 common -- all those among a lot of other data points.
Today's news is pretty in pretty good because the last measurement in July I was down at 81 as you said -- increased slightly in August 81 point five.
Lynn Franco of the conference -- calls the slight improvement quote.
A result of approving short term expectations.
Consumers were a moderately more upbeat about business job and earning prospects.
That fact and comes expectations.
Which it declined sharply earlier this year with the payroll tax hike.
Have rebounded to their highest level in two and a half years.
From Lynn Franco from the conference where it's all -- further indicator that the economy continues improving.
Albeit slowly but many many fits and starts right.
Felt we like hearing that -- -- we do ask if there any warning signs in this report.
There are indeed consumers believe that the big current business and labor market conditions are less favorable than last month those -- that business conditions are good.
Decreased actually from eighteen point 4%.
That -- -- two I should say eighteen point 4% from twenty point 8% those who think business conditions are bad.
Was basically unchanged at 24 point 8% and those who think that business conditions will improve.
Over the next six months increase ever so slightly but only a point 2% that is really not the kind of abuses -- -- promises to bring us Rory.
Out of the economic fields are -- already done with Callaway thanks very much report.
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