President-elect Donald Trump took a deep bow, and thanked himself Tuesday night for a 4-point rise in an index that measures consumer confidence.
The New York-based Conference Board said the December rise was the highest since August 2001.
Bloomberg news reported the results show American households are now expecting a Trump administration to deliver on his jobs and tax promises – and are feeling more optimistic about the prospects for the economy, labor market and incomes.
Bloomberg noted the results are in line with surveys by the University of Michigan and the National Federal of Independent Business.
Some findings from the Conference Board include:
- The number of those who said they see more job availability six months from now rose to 21 percent, the highest since February 2011, from 16.1 percent.
- The number of those who expected their incomes to rise in the next six months rose to 21 percent from 17.4 percent.
- The number of those expecting stock prices to be higher in the next year surged to 44.7 percent, the most upbeat reading since January 2004.
- Sentiment rose among 35- to 54-year-olds and was the highest since July 2007 among Americans 55 and older; confidence fell among those 35 and younger.
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