The current state of the economy brings both good news and bad news for retailers. Consumers are becoming more optimistic about their finances. But they are likely to drop buying habits they picked up during the recession.
The Reuters/University of Michigan consumer sentiment index rose to
70.2 in September, compared to 65.7 last month, which is its first gain in the
last three months. Economists only expected the index to reach 68. The news is good for American retailers, but there’s no evidence that consumer purchase intentions will change with their confidence levels.