Consumer Confidence Continues To Rise

Posted By on February 24, 2012

We wouldn’t call this a surprise. Judging from the waiting time at the local restaurants, people are in a spending mood….and to boot we see a lot more construction going on, especially in light of a huge commercial and housing overhang. 

Confidence among U.S. consumers rose in February as Americans continued more hopeful about economic growth.

The Thomson Reuters/University of Michigan final index of consumer sentiment increased to 75.3 from 75 in January. The median estimate in a Bloomberg News survey called for 73, which was above the 72.5 preliminary reading. The gauge averaged 89 in the five years before the 18-month recession that ended in June 2009.

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