- Apr 12, 2011
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from: Consumer confidence is at a 13-year high in America
On Friday, the latest consumer sentiment numbers from the University of Michigan released Friday showed that in March confidence rose again, as the index of consumer sentiment rose to 97.6 from a final reading of 96.3 in February.
Though just below readings seen in January and February, March’s preliminary reading indicates consumers haven’t been this consistently confident since early 2004.
“The overall level of consumer sentiment remained quite favorable in early March due to renewed strength in current economic conditions as well as the extraordinary influence of partisanship on economic prospects,” said Richard Curtin, chief economist for the survey.
“The Current Economic Conditions component reached its highest level since 2000, largely due to improved personal finances.”
Inside the UMich report, however, there still existed an incredible amount of partisanship among consumers.
“Among Democrats, the Expectations Index at 55.3 signaled that a deep recession was imminent,” Curtin said, “while among Republicans the Index at 122.4 indicated a new era of robust economic growth was ahead.”...
Though just below readings seen in January and February, March’s preliminary reading indicates consumers haven’t been this consistently confident since early 2004.
“The overall level of consumer sentiment remained quite favorable in early March due to renewed strength in current economic conditions as well as the extraordinary influence of partisanship on economic prospects,” said Richard Curtin, chief economist for the survey.
“The Current Economic Conditions component reached its highest level since 2000, largely due to improved personal finances.”
Inside the UMich report, however, there still existed an incredible amount of partisanship among consumers.
“Among Democrats, the Expectations Index at 55.3 signaled that a deep recession was imminent,” Curtin said, “while among Republicans the Index at 122.4 indicated a new era of robust economic growth was ahead.”...
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So folks are happy because they're almost as well off as they were when GW was pres. Note that the pollsters said Dems were unhappy but the vast majority were upbeat. That would mean that Dems are a dwindling minority.
