Sharp increase in consumer confidence reported

And other important statistics data published

American consumers’ confidence in the economy increased sharply in September. The increase, as a result of a brighter picture of the economy and the job market, was the largest in 17 years. That’s what market researcher Conference Board announced.

The confidence indicator recorded a level of 101.8 against a revised level of 86.3 a month earlier. Economists in general expected a slight increase to 90. The level of the gauge is still below the level before the coronacrisis.

Wholesale stocks in the United States increased by 0.5% on a monthly basis in August. This is reflected in preliminary figures published by the US Department of trade.

Economists, on average, expected a decrease of 0.1 percent. In July stocks decreased by a revised 0.1 percent.

The average price of a purchase of a single-family house in the United States increased by 0.55% in July compared to a month earlier when prices had remained stable. This is reflected in the S & P Corelogical Case Shiller index, which reflects price developments in 20 major American cities.

Economists had expected an average increase of 0.1 per cent. Compared to a year earlier, homes in July were just under 4% more expensive.

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