Americans’ confidence continues as we’ve reached the highest point in consumer comfort in over a decade. Things are looking up for the Trump’s America.

News Drop 💣

  • Measure has exceeded 50 just six times since April 2002
  • Economy advanced to 48.2, the highest since August 2001, from 46.8
  • Purchasing measure rose to 44.5, strongest since April 2002, from 43.7
  • Personal finances were little changed at 58.9 versus 59

It’s been a few months into Donald Trump’s Presidency and we’ve already seen tremendous results towards our economic growth and now our consumer comfort. This is an important fixture in fixing the horrible economic climate President Obama had created prior.

Americans’ confidence continued to mount last week as the Bloomberg Consumer Comfort Index reached the highest point in a decade on more-upbeat assessments about the economy and buying climate, figures showed Thursday.

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

Consumer Confidence Report via Bloomberg

climate as the most favorable in nearly 15 years, indicating household spending may rebound after a slow start to 2017. While sentiment has been particularly strong among those who vote Republican, the data also showed political independents were the most upbeat since July 2001.

The Details

  • Confidence among Americans with incomes above $100,000 cooled for the first time in six weeks, easing to 76.8 from a 78.7 reading that matched a record reached in 2006
  • Republicans’ sentiment exceeded that of Democrats by the most since September 2013
  • Sentiment rose in the South and Midwest; fell in the West and Northeast
  • Part-time employees were most confident since October 2015
  • Comfort among married Americans was highest in a decade
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