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Still, the index is well below 90, the minimum level associated with a healthy economy. Anything above 100 signals strong growth. Economists closely monitor confidence because consumer spending accounts for about 70 percent of U.S. economic activity. Consumer sentiment -- fueled by signs the economy is stabilizing -- has recovered a bit since hitting a record-low of 25.3 in February.
Many analysts expect the economy to grow 2-3 percent in the current July-September quarter, spurred by a more stable housing market and the Cash for Clunkers program, which has boosted auto sales. But economists worry that without healthier consumer spending, the recovery may weaken next year.
1.1% for 137 Day
1.9% for 94 Day
2.9% for 72 Day
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