Study: U-M Consumer Confidence Data "Useless" WLNS TV (Lansing) reports that a new study says consumer confidence indices are essentially useless for forecasting Americans' spending patterns. The 2 closely-tracked indexes from the University of Michigan and the Conference Board may reveal the mood of Americans when they are surveyed, but they don't predict whether people will spend more or less. Read Study Shows U of M Consumer Confidence Indices Not Trustworthy from WLNS TV Lansing In-depth feature from the Associated Press Posted/updated Feb 21, 2005 by Andrew McFarlane (Absolute Michigan) click to Send This Story to a Friend! Main Michigan News Page Go Back One Page

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