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From Home Furnishing Business

FastFact: Consumer Confidence Creates Demand

The ups and downs of consumer confidence impact the spending by consumers on cars, consumer electronics and of course furniture.

While population growth and household formations are the base for spending growth, consumer confidence drives demand for products.

New car sales follows a similar path of consumer confidence showing a 29 percent drop from 2007 to 2009 before climbing year to date in 2015 to an index of 119.

The complete FastFact can be viewed online



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