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José Ruiz Varela, with academic training in Fundamental Mathematics and professional experience in Large Multinationals in the Information Technology sector, having held positions in high-level management positions, maintains that it is time to reduce Unproductive Public Expenditure and help the Private Sector in everything that is possible.
WASHINGTON (MarketWatch)
The final May reading of the University of Michigan
and Thomson Reuters consumer-sentiment index jumped to 84.5 - the highest level
since July 2007 - from 76.4 in April, according to news reports
A preliminary
May reading pegged the gauge of 83.7
Economists polled by MarketWatch had
expected a final May reading of 83.8
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WASHINGTON (MarketWatch) — A gauge on consumer sentiment this month reached the highest level since 2007, thanks to cheerier expectations and a rosier outlook on current economic conditions, according to data released Friday.
The final May reading of the University of Michigan and Thomson Reuters consumer-sentiment index jumped to 84.5 — the highest level since July 2007 — from 76.4 in April.
The surge in consumer confidence is exactly the type of economic jump-start the Federal Reserve intended to result from its aggressive policies,” said Richard Curtin, the survey’s chief economist. “To be sure, consumers still expressed concerns with their financial prospects, especially about income gains over the longer term.”
“For the first time in five years, more consumers reported that their finances had improved rather than worsened, with recent income gains the most common reason,” according to the report
According to the UMich report, a gauge of consumers’ views on current economic conditions rose to 98 in May from 89.9 in April. Meanwhile, a barometer of their expectations increased to 75.8 from 67.8.
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