August 2013 - Volume 21, Number 3
Consumer Confidence Index
The national Consumer Confidence Index (CCI) remains neurotic, swinging from 62 last June to 73 in October 2012, back down to 58 in January 2013, and most recently up to 81. According to the CCI, “Consumers are considerably more positive about business and labor market conditions than they were at the beginning of the year.” The midwest regional RMI increased from the high 50s to just over 60 in June. Jeffrey Gerhart, Chairman of the Bank of Newman Grove in Nebraska, reported, “Corn and soybeans are in and growing without the assistance of irrigation in our area. What a difference one year makes.”
Source: Conference Board, “Consumer Confidence Survey,” and Creighton University
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