Partisanship dominates consumer optimism in February

Although consumer confidence edged downward in February, the overall average in the past three months was the highest in more than a decade, according to the University of Michigan (U-M) Surveys of Consumers.

Normally, the implication would be that consumers expected Trump’s election to have a positive economic impact, according to U-M economist Richard Curtin, who directs the Surveys.

That is not the case, however, as Democrats expressed expectations that are consistent with an impending recession, and Republicans expected renewed robust economic growth. CONT.

University of Michigan