Posted on 03/28/2017 7:36:10 AM PDT by John W
Consumer confidence in March soared to the highest level in more than 16 years, according to data released Tuesday.
The Conference Board said its consumer confidence index leapt to 125.6 in March from 116.1 in February, coming in well ahead of the MarketWatch-compiled consensus of 114.1.
The reading gave a pop to U.S. stocks DJIA, +0.03% , which turned higher after the report.
Consumer confidence has taken off since the election of President Donald Trump, on the prospect of lower taxes and more infrastructure spending. Confidence has yet to be impacted by Congress’s inability so far to enact the president’s ambitions. The cutoff data for responses was March 16, before Republicans were forced to scrap a vote on repealing and replacing Obamacare.
Both the present situation and the expectations indexes improved in March.
(Excerpt) Read more at marketwatch.com ...
I guess protesting is starting to pay off?
I love all this winning.
Consumer confidence has taken off since the election of President Donald Trump,
How can this be??? The liberals have said we’re entering the dark ages again with Trump. Do they live in a different world than the rest of us????
But, but, but, the “TRUE” DJT approval rating is 36%...I am compelled and am so weak of the mind, I am driven to believe the 36%...help me, I have fallen trap to such a tempting statistic I trust so much!
Sound like some here?
The real statistic is the consumer confidence...and, likely 63% approval, not 36.
BOOM!
Yes, I came to the thread to make similar comments.
All these negative polls are betrayed by the consumer confidence figures.
Folks unmistakably think things are much better.
Realizing Wall Street isn’t the economy and the economy isn’t Wall Street, this news seems to have calmed those folks down from their ridiculous concern over healthcare-if that’s what was bothering them.
I think folks are much more comfortable with the new leadership.
This guy may not get everything right, but he doesn’t hate the nation and blame it for global ills.
He won’t try to harm it.
Business as well. My boy works on the railroad and a few months ago he was facing a 10% pay cut because of the drop off in traffic. They also laid off a bunch of people.
Since President Trump's election, orders have started flowing in again - Big Time. His railroad is working their people's butts off instead of rehiring - saving money you know. Of course the customers are yelling about late deliveries. (They are such a pain. :-) )
I’m glad to hear that, and that your son’s future looks better in the short term.
The feedback is much appreciated.
POW!
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