Consumer confidence hit's sixteen year high

DigitalDrifter

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Feb 22, 2013
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Trump economy brings optimism.

Renewed optimism' lifts consumer to 16-year high
Paul Davidson , USA TODAY

[QUOTE
Consumer confidence surged to a new 16-year high in March, fueled by strong job and wage growth, lofty stock prices and cheap gasoline.

An index of Americans' perceptions of the economy and labor market jumped to 125.6 – highest since December 2000 -- from an upwardly revised 116.1 in February, the Conference Board said Tuesday. Economists expected a dip to 114, according to a Bloomberg survey.

”Consumers feel current economic conditions have improved over the recent period, and their renewed optimism suggests the possibility of some upside to the prospects for economic growth in the coming months,” said Lynn Franco, the Conference Board’s director of economic indicators.

Consumer confidence is closely watched because it can foreshadow household spending, which makes up about 70% of economic activity.

Americans’ perceptions of both current conditions and their outlook over the next six months improved substantially. The share of people saying business conditions are “good” increased to 32.2% from 28.3% in February. And 31.7% said jobs are “plentiful,” up from 26.9%. Just 19.5% said jobs are “hard to get.”
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Obama's gone and..........................."An index of Americans' perceptions of the economy and labor market jumped to 125.6 – highest since December 2000 -"
 
Trump economy brings optimism.

Renewed optimism' lifts consumer to 16-year high
Paul Davidson , USA TODAY

[QUOTE
Consumer confidence surged to a new 16-year high in March, fueled by strong job and wage growth, lofty stock prices and cheap gasoline.

An index of Americans' perceptions of the economy and labor market jumped to 125.6 – highest since December 2000 -- from an upwardly revised 116.1 in February, the Conference Board said Tuesday. Economists expected a dip to 114, according to a Bloomberg survey.

”Consumers feel current economic conditions have improved over the recent period, and their renewed optimism suggests the possibility of some upside to the prospects for economic growth in the coming months,” said Lynn Franco, the Conference Board’s director of economic indicators.

Consumer confidence is closely watched because it can foreshadow household spending, which makes up about 70% of economic activity.

Americans’ perceptions of both current conditions and their outlook over the next six months improved substantially. The share of people saying business conditions are “good” increased to 32.2% from 28.3% in February. And 31.7% said jobs are “plentiful,” up from 26.9%. Just 19.5% said jobs are “hard to get.”
]
The President always gets the credit. This is why low poll ratings being touted is bullshit. Trump is popular still and the same people will gladly vote for him again.
 

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