Some Good News But Still Spun Negative

Dec. 12 (Bloomberg) -- Confidence among U.S. consumers unexpectedly improved this month from the lowest level in 28 years, reflecting a record drop in gasoline prices that gave temporary relief to household budgets.
The Reuters/University of Michigan preliminary index of consumer sentiment rose to 59.1 from 55.3 in November. The reading exceeded every forecast in a Bloomberg survey of economists.
While declining energy costs may have given Americans some boost this month, rising unemployment, declining household wealth and fluctuations in the financial markets will continue to discourage spending.
“The consumer has had this incredibly dramatic pullback the last couple of months,” said Stephen Gallagher, chief U.S. economist at Societe Generale in New York. Today’s sentiment reading “is not nearly enough to suggest a rebound in spending, but it could suggest a stabilizing.”
Economists had forecast the University of Michigan sentiment measure would drop to 54.5, according to the median of 59 projections in a Bloomberg News survey. Estimates ranged from 50 to 58.

They still find an economist, Stephen Gallagher, to say that the improvement is "not nearly enough to suggest a rebound in spending."
No matter what the economic news is it always seems to get a negative spin.