Quoted – Confidence rises, inventories return to normal, but retail sales fall – Medill Reports

Quoted – Confidence rises, inventories return to normal, but retail sales fall – Medill Reports

Consumer confidence rose, inventories returned to normal, but retail sales fell, according to various reports released Thursday.

Despite the importance of retail sales figures in measuring recovery from the recession, the modest seasonally-adjusted drop of 0.3 percent in December won’t necessarily have a negative effect on the public’s perception of the economy, said economics professor Scott Testa of Cabrini College in Philadelphia. “One or two reports will not have a marked effect on people’s perception. Consumers are seeing a series of positive signals and because they make up 70 percent of the economy, consumer confidence is invariably good for all of us.”

http://news.medill.northwestern.edu/chicago/news.aspx?id=153713

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