There’s been a lot of good news regarding the US economy lately! The latest Consumer Confidence Index shows a nice increase for February – from 61.5 to 70.8. Additionally, the National Retail Federation reported an increase in retail sales for January of nearly 1% from December, and 4% year over year. And if that’s not enough to put a smile on your face, both new and existing home sales rose in the month of January as well.
While the effects of the latest economic slide are still being felt across the country, these most recent figures further the notion of optimism in many circles. The upward trends of these reports, combined with the recently reported decrease in unemployment should provide at least some hope and optimism that the US is rebounding from a difficult couple of years. We don’t pretend to be economists, but it certainly makes sense that these are the types of numbers that can lead to a snowball effect. As consumer confidence continues to grow, spending will naturally increase. With an increase in spending comes more profits, more jobs and thus, even more spending. And in our little corner of the world, the timing couldn’t be better.