Bloomberg’s Consumer Comfort Index reached its highest level in over a decade.
Thursday’s data showed a growing buyer’s climate and an upbeat economy, overall. The numbers reflect the stock indexes which are at record highs and a steadily growing job market.
Bloomberg’s Consumer Comfort Index rose to 50.6 in the period ended Mar. 5, which is the highest since March 2007, up from 49.8. The buying-climate measure rose to 44.5, the strongest it’s been since April 2002.
While the most upbeat sentiments are coming from Republicans, the report shows Independents are more positive than they have been in the consumer market since 2001.
Related News: Trump Tweets: Jobs Report
Married couples are also in a good state, as the report shows couples are the most comfortable they have been in over a decade.
Stock indexes near record highs and persistent strength in the job market have lifted the consumer comfort gauge in five of the last six weeks since the inauguration of President Donald Trump. The report showed respondents view the buying climate as the most favorable in nearly 15 years, indicating household spending may rebound after a slow start to 2017.
— Donald J. Trump (@realDonaldTrump) March 9, 2017
"BUILD THE WALL" bumper stickers now on sale. (BUY NOW)
If you would like to receive Breaking News text alerts on a smartphone or tablet, download the DML APP which is completely FREE and easy to use. Go to the Google Play Store or the IOS App Store and search for DML APP. Be sure to keep the app’s notifications setting on. Another way to receive alerts is to text to 40404 the following message: follow @realdennislynch (be sure to put a space between the word follow and the @ symbol).
To see more stories like this, sign up below for Dennis Michael Lynch’s email newsletter.
Sign up to get breaking news alerts from Dennis Michael Lynch.
Trump Tweets: Jobs Report