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From Home Furnishing Business
Consumer Sentiment Hits 11-Year High
January 21,
2015 by in Economic News, Industry 
A barometer of consumer sentiment hit an 11-year high this month buoyed by lower gasoline prices and a stronger labor market, according to the University of Michigan’s Consumer Sentiment Index.
The preliminary reading for January climbed to 98.2, the highest level since January 2004, from a final December reading of 93.6.
More consumers spontaneously cited increases in their household incomes in early January than anytime in the past decade, and more households reported unprompted references to favorable employment prospects as well as lower prices than at any other time in the more than the half-century history of the surveys,” said Richard Curtin, the survey’s chief economist.