Great news just in time for Black Friday!
The economic news today is positive and points to a strong finish to 2014. Predictions for the holiday selling season are for growth rates double what they were last year!
Reuters said the U.S. economy grew at its fastest rate in 2 ½ years in the second quarter of 2014 with all sectors contributing to the jump in output in a bullish signal for the remainder of the year.
Meanwhile, the University of Michigan said at the start of the last quarter of the year that its index of consumer sentiment rose to 84.6 in September from 82.5 in August. That’s the second highest level in the past seven years. Also encouraging is the fact that the Conference Board’s consumer confidence index increased to a seven year high in August.
According to an Associated Press article, more households expect their incomes to rise in the coming year than at any other time in the past six years.
And, so far, economic data such as manufacturing, trade and housing suggest that much of the second quarter momentum spilled over into the third quarter.
Continue to be aggressive in helping your clients to take advantage of our rebounding economy. The consumer continues to spend and incomes are rising.
Let’s keep it going in the fourth quarter!