Contact Us

Americans Are Optimistic About Economic Recovery — Dollars and Sense

shopping
Andrew Burton, Getty Images

According to the Thomson Reuters/University of Michigan index, we’re all feeling a bit more optimistic about the economy these days. In fact, the group’s December survey shows consumer sentiment is up for the fifth month in a row.

“More frequent mentions of rising employment lessened income uncertainty and prompted more favorable buying attitudes as well,” said survey director Richard Curtin. He added, “The data suggest a stronger consumer [2012] spending outlook.”

While December retail sales weren’t as high as expected, consumer borrowing surged by $20.4 billion in November — the biggest rise in a decade. In addition, job creation last month exceeded forecasts, suggesting that economic growth is picking up. What’s more, the continued fall in the unemployment rate will likely boost consumer sentiment even further.

Overall, consumers’ assessment of the economy rose to the highest level since February of 2011, and the outlook for future economic improvement was more positive as well.

David Semmens, US economist at Standard Chartered, found the new numbers encouraging, saying, “This release shows a very strong turn around in sentiment … since the collapse that happened between May and August.”

[The Financial Times]

More From Z94

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://z94.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on Z94 - The Rock Station quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here.

Sign up for an account to comment, share your thoughts, and earn points to get great prizes.

Register on Z94 - The Rock Station quickly by logging in with your Facebook account. It's just as secure, and no password to remember!