When all you read is gloom, turn here for a much different perspective.

Saturday, April 11, 2009

Consumer, Investor Confidence Continue Their Surge Higher

"The Rasmussen Consumer Index, which measures consumer confidence on a daily basis, jumped five points on Saturday to its highest level of 2009. At 74.1, consumer confidence is up 12 points from a week ago, 18 points from a month ago, and at the highest level since the day after Barack Obama was elected President. The Consumer Index is up seven points from a year ago, the first time it has been up year-over-year since 2007."

"The Rasmussen Investor Index gained six points on Saturday to 83.5, its highest level since shortly after Lehman Brothers collapsed last September. Investor confidence is up 6 points from a week ago and 27 points from a month ago. While improving, confidence is still down nine points from a year ago and down 50 points from two years ago."

"Thirty-four percent (34%) of Investors now say the economy is getting better while 44% say the opposite. Those numbers represent a very dramatic turnaround over the past month. One month ago today, just 8% said the economy was getting better while 72% said it was getting worse."

The steady upward trend comes on the heels of a significant jump several weeks ago when in five days the consumer index gained back all the ground it had lost in the previous five months.

It also comes a day after president Obama said he sees "glimmers of hope" for the economy.

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