Wednesday, December 28, 2016

Consumer Confidence

A measure of consumers' attitudes rose to its highest level since January 2004.
The Index of Consumer Sentiment hit 98.2 in December, the University of Michigan reported on Friday. The figure is up from 93.8 in November's final reading.
Economists expected the consumer sentiment index to hit 98 in December's final reading, according to a Thomson Reuters consensus estimate.
The surge in confidence following President-elect Donald Trump's surprise election aided in the numbers, the report said.
Remember all the gloom and doom from the left, I mean MSM (same thing) about Trump's election destroying the economy?

Consumer confidence itself doesn't mean much, except that confident consumers buy things, which helps the economy.

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