The Rasmussen Consumer Index, which measures consumer confidence on a daily basis, stabilized at 68.4 on Saturday. Consumer confidence is up four points from a week ago, up twelve points from a month ago and up nine points from the beginning of the year.You'll remember that index has rebounded sharply in the past two weeks.
Also the latest data from the census bureau shows many segments of strength for the last two months and retail growth back on its historical growth trajectory. (1992-2009)
(click on charts to enlarge)
Several reports out this week stress that so far March retail activity is in line with January and February and that retail growth is indeed leading to US economic recovery.
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