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The signs pointing toward an economic recovery are getting brighter across Utah and especially in Washington County, according to a report released Tuesday on the Zions Bank Consumer Attitude Index.
After remaining stagnant for three months, Utah’s Consumer Attitude Index jumped 8.1 points in September to 85.0, its highest mark in April. Consumer confidence nationwide was at its highest in seven months, boosted by an improving housing market, a recovering stock market and consistent job growth.
Five key factors are playing into the recovery, Randy Shumway, CEO of the Cicero Group said — the housing rebound, employment growth, increased consumer spending, an upward trending stock market and the positive impacts of the Federal Reserve’s recent “quantitative easing,” which pumped cash into the economy by buying $85 billion worth of assets. The Spectrum
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