Better Times Ahead or Out go the Lights?
The National Mood is Improving – How about You?
The USA mood and key indicators of the economy point to better times ahead: In preliminary figures provided to NMBC by NAM (National Association of Manufacturers), the consumer sentiment rebounded in April after pulling back somewhat in the prior two months. Confidence remained high and not far from January’s 13-year record. Indeed, the underlying figures suggest that Americans remain quite upbeat. That message is also being conveyed in the spending data, with retail sales up 5.2 percent over the past 12 months. The American consumer has been more willing to open his/her pocketbook, especially when compared to this time last year.