U. Michigan Surveys of Consumers show strong optimism
The University of Michigan Surveys of Consumers showed double digit growth in June for all three indices the Index of Consumer Sentiment, Current Economic Conditions and Index of Consumer Expectations.
In the first half of 2015, consumers voiced the largest and most sustained increase in economic optimism since 2004, said the Surveysê chief economist Richard Curtin. A record was consistently set by households in the top, middle and bottom third of income distribution.
Consumer spending will remain the driving force of economic growth in 2015, Curtin said, who forecasts 3 percent growth in consumer spending this year.Download Bulletin PDF