1. Economists and investors watch the index because high confidence readings traditionally mean consumers feel secure enough to spend money and propel the economy. 2. Or at least watch your index. 3. That index is watched closely by Federal Reserve Chairman Alan Greenspan. 4. The index is widely watched because Fed Chairman Alan Greenspan is said to follow it. 5. The index is closely watched by traders and investors because it is perceived as a barometer of consumer spending, which accounts for two-thirds of economic activity. 6. The index is closely watched because consumer spending accounts for two-thirds of the economy. 7. The index is closely watched because consumer spending in the United States accounts for two-thirds of the U.S. economy. 8. The index is closely watched because it is the first national reading for October on U.S. manufacturing performance, a key economic sector. 9. The index is closely watched because it is the first national reading for October on U.S. manufacturing performance. 10. The index is watched as an indication of the national report, which is expected Monday. |