Americans have despaired over the state of the nation’s economy for eight long years, but now, even before Donald Trump officially becomes president, their outlooks are turning rosier.
Last week, the New York-based Conference Board, which monitors issues affecting businesses, reported that consumer confidence in December soared to its highest level since August 2001. That followed a steep rise in November, after Trump won the election.
The measure is considered a key economic indicator and may provide clues to the economy’s direction. So it’s good news.
And there’s more of that, it seems, to come:
- Americans, the group found, are more upbeat about their outlook than at any time in the last 13 years.
- More consumers, 24 percent, foresee brighter “business conditions” in the next six months, the highest level since 2011.