Consumers’ confidence in the economy and their own financial fortunes climbed to a 16-month high as better prospects for jobs and wages lifted people’s spirits.
The RBC CASH (Consumer Attitudes and Spending by Household) Index, based on results from the international polling firm Ipsos, showed that confidence clocked in at 96.1 in early February, marking a big improvement from January’s 78.2. The new confidence reading was the best since October 2004.
