Americans Expect Economic Momentum to Continue
If everything isn't hunky-dory south of the border on most issues, many Americans agree the economy is certainly flourishing, with room to grow even better.
The Conference Board revealed Tuesday its measure of consumer confidence rose to 125.4 in January, higher than the 123.1 anticipated by economists. The measure had declined to 122.1 in December.
The key index rose to 129.5 in November, the highest mark since the index hit 132.6 in November 2000.
The index takes into account Americans' views of current economic conditions and their expectations for the next six months. Economists pay close attention to the numbers because consumer spending accounts for about 70% of U.S. economic activity.