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Article: Economic Reports Show Economic Renewal, Slightly More Consumer Pessimism.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- September 14, 2002
CopyrightCOPYRIGHT 2002 Knight-Ridder/Tribune Business News. 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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By Robert Manor and Thom Khanje, Chicago Tribune Knight Ridder/Tribune Business News
Sep. 14--Three economic reports released Wednesday portray consumers as increasingly pessimistic, even as the economy appears to be reviving a bit.
Consumer sentiment declined for the fourth consecutive month in early September, according to the University of Michigan's preliminary index for the month. Consumer spending is vital to the nation's economy, accounting for about two-thirds of all economic activity.
But the Labor Department said the producer price index, which measures inflation at the wholesale level, showed no change in August. If the trend ...
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