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Chamber & County News


Post-election survey: Soaring U.S. consumer confidence

(Bloomberg) -- reports that the University of Michigan's consumer sentiment survey for November shows that the "consumer expectations index rose by 8.4 points from October to 85.2 -- a one-month gain last exceeded in the December 2011 -- a testament to households' optimistic view on the outlook for the U.S. economy and their own pocketbooks." The story notes that "according to the latest report, in some cases, Americans are the most hopeful they have been in more than a decade." The survey showed that "for the first time since 2006, 37% of households said they expect their personal finances to improve in 2017. Also hitting decade highs: real income expectations, as wage growth continues to gain strength in a broadening swath of the economy."