“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,” Austin Weinstein reports for Bloomberg. “Consumer comfort index rose to 50.6 in the period ended March 5, the highest since March 2007, from 49.8.”
The “measure has exceeded 50 just six times since April 2002,” Weinstein reports. “Gauge of economy advanced to 48.2, the highest since August 2001, from 46.8. Buying-climate measure rose to 44.5, the strongest reading since April 2002, from 43.7.”
“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,” Weinstein reports. “The report showed respondents view the buying 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.”
More details in the full article here.
MacDailyNews Take: A nice climate for new and updated product launches, Apple!
SEE ALSO:
Samsung plans major U.S. expansion, would shift manufacturing from Mexico – March 8, 2017
U.S. private sector job creation booms in President Trump’s first full month as employers add 298,000 jobs – March 8, 2017
Apple supplier Sharp may begin building $7 billion U.S. plant in within months as Japan PM meets President Trump – February 8, 2017
Foxconn-Sharp considering LCD plant in USA, plans in response to President-elect Trump’s ‘Make in America’ call – January 13, 2017
With President Trump soon to take office, Apple looks to boost its ‘Made in America’ credentials – January 10, 2017
Make America Insanely Great Again: Apple seeks to expand Made in USA manufacturing – January 9, 2017
Apple invests $1 billion in SoftBank’s massive tech fund; may help company get in President Trump’s good graces – January 4, 2017
Apple in talks to invest $1 billion in SoftBank tech fund – December 13, 2016
Softbank to invest $50 billion in the U.S., create 50,000 new tech jobs after meeting with President-elect Trump – and Apple supplier Foxconn is in on the deal – December 6, 2016
President-elect Trump invites tech leaders to roundtable in Manhattan next week – December 6, 2016
President-elect Trump tells Apple CEO Tim Cook that he’d like to see Apple make products in the U.S. – November 23, 2016
President-elect Trump says Apple CEO Tim Cook called him after election victory – November 22, 2016
Apple could make iPhones in the U.S.A. under President Trump, sources say – November 17, 2016
Japan’s Softbank just became one of Apple’s most important suppliers – July 18, 2016
Actual, verifiable, quantifiable change we can believe in.
Yea, but when is he going to get rid of that Breitbart idiot?
Never, Bannon got him to the Presidency.
Then we are well and truly f#<ked. That guy is short a couple marbles.
If a drastically improving economy really made you happy, F2T2, you would have been singing Obama’s praises these past 8 years.
And I say that as someone who disagreed strongly with Obama on many issues.
Thank You Barack!!
Back to the boom and bust economy. Just remember to get off before the shit hits the fan again.
https://twitter.com/DRUDGE_REPORT/status/840195842183127040