U.S. Consumer Confidence Jumps to Highest Level Since 2001
- Measure of Americans’ expectations surges to a 13-year high
- More households expect better economy, labor market in 2017
How Did U.S. Retailers Do This Holiday Shopping Season?
This article is for subscribers only.
Consumer confidence climbed in December to the highest level since August 2001 as Americans were more upbeat about the outlook than at any time in the last 13 years, according to a report Tuesday from the New York-based Conference Board.
American households are expecting a Donald Trump administration to deliver. They are more upbeat about the prospects for the economy, labor market and their incomes, according to the Conference Board’s report. The results corroborate surveys by the University of Michigan and the National Federation of Independent Business, which showed jumps in household and business sentiment on Trump’s pledges to boost jobs, cut taxes and ease regulations.