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Politics : Formerly About Applied Materials

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To: StanX Long who wrote (54733)	10/28/2001 1:52:14 AM
From: StanX Long	Read Replies (1) of 70976

Consumer Sentiment Brightens a Bit in October Friday, October 26, 2001 Email this Article NEW YORK — Shaking off deep gloom triggered by the Sept. 11 attacks and mounting job layoffs, Americans dug in their heels and grew more optimistic about prospects for the future, pushing up consumer sentiment in October, market sources said on Friday. The University of Michigan's final October consumer sentiment index rose to 82.7 from 81.8 in September, matching analysts' forecasts. A preliminary reading, released mid-month, was 83.4. Rising confidence is a harbinger of improved consumer spending, which underpins about two-thirds of U.S. economic activity, although economists warn it is difficult to use as a tool to accurately forecast future consumption. foxnews.com

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