Consumer Confidence
March 14th, 2007 Posted in MarylandThe U.S. Consumer Confidence Index hit a five-and-a-half year high in February. The Consumer Confidence Index stands at 112.5 - up from 110.2 in January - and its highest point to date since the September 11, 2001 attacks. Experts cited “improving present-day business conditions” and a strong labor market for consumers’ optimism. The Consumer Confidence Index survey is conducted monthly by TNS, the world’s largest custom research company. It is based on a representative sample of 5,000 U.S. housholds. Said Lynn Franco, director of the Conference Board Consumer Research Center, “It appears that the pace of economic growth exhibited in the final months of 2006 has carried over into early 2007, and may have even gained a little momentum.”
