Consumer Confidence Highest In Four Years

Hmm. Not a lot of buzz about this little factoid:

The Conference Board said that its consumer index shot up 4.5 points to 107.2, the highest level since May 2002, when the reading was 110.3. Analysts had expected a reading of 102.

The latest measure was up from a revised 102.7 in February, which was down 4.1 points from January and broke a three-month rebound from last yearÂ’s Gulf hurricanes.

Even more interesting. The fine print in the chart registers the Consumer Confidence rating for 1985 as 100. So with the exception of a post-Katrina dip, Consumer Confidence was higher during most of the last year than it was during the heyday of the mid-1980's.

Yeah, sounds like the worst economy since Herbert Hoover to me.

Posted by: Gary at 01:38 PM | No Comments | Add Comment
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