CDI surge 40 points up - consumers stepping out of the woods!

For the first time since September 2008, the CDI is back in positive territory and at the highest level since April 2008. The upswing is remarkable, 40 points up from  –27 in June to + 13 in July. The moving average is up from –18 to –6, the highest level since level since October 2008.The surge in the CDI is based on positive developments in nearly all product segments, most significantly the demand for food and grocery store items. Consumers have stepped out of the woods but there is still a long and not well-paved way to walk before private consumption in the US is back to a strong and growing level. Data for the July survey was collected from the 22nd to 25th of July.