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(单词翻译:双击或拖选)
By Michael Bowman
Washington
27 October 2009
A "sold" sign in front of a home in Carmel, Indiana, 20 Oct 2009
The U.S. housing market is showing signs of improvement, but Americans have grown more pessimistic on the overall economy.
The consensus1 view among economists2 is that the worst recession of the post-World War II era is over, and the U.S. economy is expanding once again, albeit3 at a moderate pace. But expectations of an economic rebound4 have not dispelled5 gloom among American consumers, whose confidence in the nation's economy fell unexpectedly this month.
The New York-based Conference Board reports that its closely-watched Consumer Confidence Index fell to 47.7 after posting a 53.4 reading in September. The October figure was the second-lowest since May. Although both numbers are well above an all-time low reading of 25 recorded in February, they fall significantly short of 90, a mark which would signal robust6 consumer confidence.
Lynn Franco directs consumer research at the Conference Board.
"Consumers are growing a little more negative on what is going to happen in the economy, in the labor7 market, and with their earnings," said Franco.
Although U.S. stock markets have rallied over the last six months and numerous economic indicators9 have shown signs of stabilization10, U.S. unemployment has continued to rise, and now stands at 9.8 percent. Most economists believe it will go even higher in coming months even if the U.S. economy records positive economic growth in the final months of the year. The federal government will be releasing U.S. gross domestic product data in coming days.
Consumer confidence constitutes a key indicator8 of economic performance, as consumer spending accounts for more than two-thirds of U.S. economic activity.
Meanwhile, a private study of U.S. real estate transactions shows housing prices rose in August for the third month in a row.
Maureen Maitland is a vice11 president at Standard and Poor's, which helped produce the study.
"The 10 and 20-city indexes both rose over the month [of August], so we have seen some real, steady increases in a lot of these numbers. And it has been very, very broad-based across most of the [real estate] markets," she said.
U.S. housing prices have been on a roller-coaster ride for much of the decade, spiking12 to record highs from 2003 to 2006 and then plunging13 from 2007 until a few months ago.
A rebound in the beleaguered14 housing market is seen as vital to an economic recovery.
1 consensus | |
n.(意见等的)一致,一致同意,共识 | |
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2 economists | |
n.经济学家,经济专家( economist的名词复数 ) | |
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3 albeit | |
conj.即使;纵使;虽然 | |
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4 rebound | |
v.弹回;n.弹回,跳回 | |
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5 dispelled | |
v.驱散,赶跑( dispel的过去式和过去分词 ) | |
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6 robust | |
adj.强壮的,强健的,粗野的,需要体力的,浓的 | |
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7 labor | |
n.劳动,努力,工作,劳工;分娩;vi.劳动,努力,苦干;vt.详细分析;麻烦 | |
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8 indicator | |
n.指标;指示物,指示者;指示器 | |
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9 indicators | |
(仪器上显示温度、压力、耗油量等的)指针( indicator的名词复数 ); 指示物; (车辆上的)转弯指示灯; 指示信号 | |
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10 Stabilization | |
稳定化 | |
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11 vice | |
n.坏事;恶习;[pl.]台钳,老虎钳;adj.副的 | |
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12 spiking | |
n.尖峰形成v.加烈酒于( spike的现在分词 );偷偷地给某人的饮料加入(更多)酒精( 或药物);把尖状物钉入;打乱某人的计划 | |
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13 plunging | |
adj.跳进的,突进的v.颠簸( plunge的现在分词 );暴跌;骤降;突降 | |
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14 beleaguered | |
adj.受到围困[围攻]的;包围的v.围攻( beleaguer的过去式和过去分词);困扰;骚扰 | |
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