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Article: Dow Jones Economic Sentiment Indicator Rises to 36.9 - Highest Level Since August 2008
- Article from:
- Wireless News
- Article date:
- November 6, 2009
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Wireless News
11-06-2009
Dow Jones Economic Sentiment Indicator Rises to 36.9 - Highest Level Since August 2008
Type: News
The Dow Jones Economic Sentiment Indicator (ESI) rose to 36.9 in October, up from 34.1 in September as a result of positive media coverage of ongoing stock market gains and news that the gross domestic product rose at an annual rate of 3.5 percent in the third quarter.
The gain in the ESI runs counter to unexpectedly large drops in two leading consumer-based economic indicators, the group noted.
The Dow Jones Economic Sentiment Indicator aims to predict the health of the U.S. economy by analyzing the coverage of 15 major daily newspapers in the U.S. The two leading ...