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The outlook for consumption in 1990: coasting into the eighth year of expansion.

Economic Outlook USA

| December 22, 1989 | Curtin, Richard T. | COPYRIGHT 1989 University of Michigan, Survey Research Center. 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)Copyright

The Outlook for Consumption in 1990: Coasting into the Eighth Year of Expansion

Confidence Remains High

The latest Survey of Consumers indicates that consumer confidence has remained largely unchanged at the high levels recorded throughout most of the current expansion. The Index of Consumer Sentiment averaged 91.8 in the fourth quarter 1989 surveys, just below the 92.5 recorded in the third quarter. Since the start of the current expansion, the Index of Consumer Sentiment has averaged 92.9, with the fourth quarter 1989 reading only slightly below that average. Moreover, the Index has shown relatively small quarter-to-quarter variations throughout this ...

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