U.S. consumer enthusiasm about the economy under President Donald Trump continued improving at the end of this year, overwhelming former President Obama’s records.
Rasmussen on Friday, Dec. 13, released its consumer spending data, indicating that Americans are feeling better than ever about the economy.
The Rasmussen Reports Economic Index hit 144.3 in December, data showed, up one point from last month.
Enthusiasm about the economy started to grow immediately following Donald Trump’s election as president in November 2016, Rasmussen said, adding that its Economic Index spiked to a peak of 145.9 in February 2018.
It means the index is just shy of the five-year peak reached early last year.
By comparison, in President Obama’s final years in office, this index reached a high of 121.5 in January 2015 and was at 108.1 his last month in the White House.
Rasmussen’s data is consistent with the government report, with the latest update showing U.S. consumer spending, accounting for more than two-thirds of U.S. economic activity, increased 0.3% in October for the eighth month in a row.