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Resource Center » U.S. & International Recaps | Release Dates | Why Investors Care | Today's Calendar
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RBC CASH Index
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Definition
The RBC CASH (Consumer Attitudes and Spending by Household) Index is a monthly national survey of consumer attitudes on the current and future state of local economies, personal financial situations, savings, and confidence to make large investments. The CASH Index is benchmarked against a baseline score of 100, assigned in January 2002 when the Index was introduced. Why Investors Care
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| Released on
11/13/08
For
Nov 2008 |
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Index Level
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| Actual |
34.7
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| Previous |
37.0
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Highlights
November consumer sentiment as measured by the RBC CASH (Consumer Attitudes and Spending by Household) Index edged down to 34.7 from 37 in October. Although energy prices have declined sharply, sentiment remains under siege due to persistent negative forces ranging from the escalating job crisis to the prolonged housing debacle and the growing credit crunch. Despite the overall outlook remaining gloomy, economic expectations for the future increased significantly. According to RBC, the increase in expectations probably reflected optimism over the Presidential election, declining energy prices and the sweeping actions taken by the government to buoy the economy and financial system.
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