CONSUMERS: Consumer confidence up in third quarter

Times Board of Economists - Update from Connie Kann, area director Better Business Bureau
2013-10-20T00:00:00Z 2013-12-18T16:20:19Z CONSUMERS: Consumer confidence up in third quarterVanessa Renderman vanessa.renderman@nwi.com, (219) 933-3244 nwitimes.com

Consumer spending, credit card debt and consumer confidence held steady regionally in the third quarter of 2013, and large retailers are cautiously optimistic the fourth quarter will hold steady with holiday buying, said Connie Kann, area director of the Better Business Bureau.

Nationally, consumer confidence was up in the third quarter of the year but is expected to fall, because of the government shutdown, she said.

"Nationally, consumer confidence, retail sales, job numbers and house construction all trended upwards for third quarter, with a 2.5 percent increase overall in economic growth," she said.

Mobile advertising fueled the growth.

"Zenith Optimedia predicts that advertising geared for smart phones and tablets will account for half the total growth in ad expenditures," Kann said. "The mobile advertising market is estimated at $6.2 million nationally."

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