By and  on August 25, 2009

Consumers gained back a bit of their confidence this month, sending retail stocks 1.8 percent higher Tuesday, but economists warned that they’ll have to regain more of their spending power before the economy can fully recover.


The Conference Board’s Consumer Confidence Index, based on a survey of 5,000 U.S. households, bounced back in August, rising to 54.1 from 47.4 in July and 49.3 in June and changing course after two consecutive months of declines. The results suggested Americans are beginning to feel better about their short-term economic outlook.

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