Your Turn: Are You Confident About The Economy?
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by Causes | 10.16.17
Consumer sentiment exploded to a 13-year high in October, reaching numbers not seen since 2004.
The University of Michigan consumer sentiment index measures 500 consumers’ attitudes on future economic prospects related to personal finance, spending, and overall business climate.
Increases in sentiment was found across all age groups, income levels, and political beliefs.
Trump touted the positive report, tweeting:
This surge of consumer confidence is joined by a number of other positive economic indicators:
On Monday, the Dow Jones Industrial Average, Nasdaq, and S&P 500 set all-time closing highs.
Economic growth in the second quarter reached a two-year high on stronger business and consumer spending, according to a report by the Commerce Department.
On Sunday, Federal Reserve Chair Janet Yellen told an international banking seminar, "Economic activity in the United States has been growing moderately so far this year, and the labor market has continued to strengthen."
The manufacturing sector hit an 13-year high earlier this month.
Compared with September 2016, GM sales are up 12 percent; sales for Ford are up 9 percent.
Are you feeling this economic feast? Or are you experiencing an economic famine? Countable wants to move past the percentages and hear from you Comment below, letting us know if you’re experiencing a 13-year economic high.
(Photo Credit: jansucko / iStockphoto)
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