The latest data tied to consumer sentiment shows a sanguine outlook. So much so, said Bloomberg, that the impression is that respondents foresee a positive impact from the Donald Trump presidency.
As reported, the University of Michigan’s final tally from the month showed that the expectations index came in at 85.2, up 8.4 points month over month. That is the biggest monthly gain seen in five years. The respondents to the survey also showed a level of optimism that has not been seen in a decade, said the survey. Roughly 37 percent of households expect to see their personal finances improve beginning next year.
Also, 46 percent of respondents said the U.S. will have “continuous good times” through the next year, up 11 points month over month. The share that looks for “bad times” over the same period slipped by seven points month over month to 37 percent.
What’s led to the surge in sentiment? Perhaps relief. As noted by Richard Curtin, director of the University of Michigan’s survey, this is less about anticipated change in a Trump administration but instead that there exists “a widespread sense of relief that the election had finally ended.”