Consumers' Assessment of Economy Steady
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Consumers' assessment of the economy held largely steady this month, according to a university research report released Friday.
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Rating the consumer-products giants on key financial metrics.
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A lot of consumers across the country wouldn&#39;t purchase a lawn-mower, a van, a leaf blower or a laptop without thumbing through the pages of Consumer Reports, which they consider a bible of independent assessment for thousands of products.
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Good news about US economic growth was offset by signs that the nation&#39;s consumers were feeling less giddy than they had for more than eight months.
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The U.S. economy appears to be  getting on a sustainable growth path with GDP expected to grow  2.8 percent in 2007, and the risks of inflation are slightly  higher than those of an economic slowdown, according to a  survey of economists released on Monday.
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By MADLEN READ; Associated Press  But overall, the market is little changed, as investors are concerned about the buying power of consumers.
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The pound was steady as a UK consumer confidence survey provided further evidence that consumer spending is on the wane as the Bank of Engand's latest interest rate hikes take their toll.
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Even when experts were declaring the economy healthy, many Americans voiced a vague, but persistent dissatisfaction. True, jobs were relatively plentiful over the last few years. It was easy to borrow and very cheap. The sharp rise in the value of homes and plentiful credit cards encouraged a nation of consumers to get out and buy. But to many people, something didn't feel right, even if they couldn't quite explain why.
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The Economist is currently reporting the results of a survey of professional economists. When asked the majority seemed to feel that the economy was safer in Kerry's hands than in Bush's. The Bush tax cuts seem to have gone down particularly poorly with this group.     On the more positive side for Bush, a significant number of the economists say they don't think the problems of the US economy are entirely his fault.
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Focus on consumers' everyday needs.
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US consumers fed a pick-up in US economic growth in the third quarter but a sentiment survey for this month showed oil prices were dampening their spirits
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German consumers are increasingly optimistic, despite a steep rise in sales tax at the start of the year, a poll of consumer attitudes in the biggest eurozone economy showed on Friday.
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The Japanese government downgraded its  view on the economy slightly on Tuesday, citing weaker exports  and output, but it said a recovery was continuing due to steady  domestic demand, in terms of both personal consumption and  capital spending.  "The economy continues to recover, while  some weak movements have been seen recently," the government  said in its monthly economic report.
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The pound has been steady as the impact of a buoyant housing survey from the Nationwide, the UK's largest building society, was offset by a very weak consumer confidence reading from research company GfK NOP.
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By Barnes, Phillip E  Consumers
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The Bank of England has decided that interest rates will stay the same despite a consumer slow-down. Your views?
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U.S. economic growth will remain  steady in the next year as inflation moderates, the U.S.  Chamber of Commerce forecast on Thursday, brushing aside  concerns that the downturn in housing could spark a full-blown  recession.