Economists say consumers will start spending
The Marketplace Daily Pulse is up today. The U.S. consumer – that beaten-down, bedraggled, hopeless character – seems to be getting a shot of optimism.
The Thomson Reuters/University of Michigan consumer sentiment index hit a five-month high today, Reuters reports. It was up to 64.2, a three-point jump from last month. Economists watch that number to get a sense of the where things are heading with consumer spending.
People told the survey they’re still a little bummed about their personal finances, but they see the overall economy improving.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.