Economic Sentiment Indicator Jumps in December
NEW YORK, January 3, 2011 – "Driven by a wide range of upbeat grassroots economic news, the Dow Jones Economic Sentiment Indicator (ESI) jumped 2.2 points to 46.1 in December, breaking out of its previous range and indicating the economy could be picking up momentum at the start of 2011. The ESI is determined by in-depth analysis of national news coverage across 15 daily newspapers. It held steady at 43.9 in October and November."
Dow Jones Newswires “Money Talks” columnist Alen Mattich said: “Improved sentiment about the U.S. economy is pointing to a solid, even if unspectacular, recovery in growth, including an upswing in job creation.”