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Article: ECONOMY WATCH.(BUSINESS)
- Article from:
- The Wisconsin State Journal (Madison, WI)
- Article date:
- October 28, 2009
CopyrightCOPYRIGHT 2009 Capital Newspapers. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: State Journal staff, wire services
CONSUMER INDEX: The Consumer Confidence Index, released by The Conference Board, sank unexpectedly to 47.7 in October - its second-lowest reading since May. Forecasters predicted a reading of 53.1. A reading above 90 means the economy is on solid footing. Above 100 signals strong growth. The index has seesawed since reaching a historic low of 25.3 in February and climbed to 53.4 in September.
HOME INDEX: Home prices rose for the third straight month in August, a key ingredient for a broad and sustained housing recovery. The Standard & Poor's/Case-Shiller home price index of 20 major cities climbed 1 percent ...