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.
As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.
Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.
Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.