Five charts that show 2017 could be a banner year for retailers
February 23, 2017 02:58 PM
Consumer exuberance at 13-year high
The closely watched University of Michigan Consumer Sentiment Index raced up to a 13-year high in January, posting a final reading of 98.5. There’s little doubt that much of this exuberance stemmed from President Donald Trump’s pledges to cut and simplify taxes and deregulate businesses. Although the index cooled to 95.7 in February, this still bodes very well for retailers.
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