Consumer Confidence in U.S. Surges Thanks to Optimism About Trump
- Index of current financial conditions at highest since 2005
- Survey chief says Trump needs to live up to expectations
Consumer Sentiment Rises to Highest Since Jan. 2015
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Consumer confidence jumped more than forecast this month as Americans expressed the sunniest picture of their financial situation in 11 years, extending a boost following Donald Trump’s election victory.
The University of Michigan Friday that its preliminary index of sentiment rose to 98, the highest since January 2015, from 93.8 in November. The median projection in a Bloomberg survey called for 94.5. The current conditions index, which measures Americans’ perceptions of their personal finances, increased by 4.8 points to 112.1, the highest since 2005.