When Tom Walworth and his wife planned a weekend getaway to Traverse City, Michigan, earlier this year with friends, they didn’t book a hotel. Instead, they rented an RV.
Consumer spending climbed in February by the most in five months and confidence unexpectedly improved in March, showing job-market gains are helping Americans overcome tax increases and concern about federal budget cuts.
Americans’ views of the U.S. economy are increasingly colored by politics, making consumer sentiment a less reliable gauge of the outlook for the spending that drives growth.
Winnebago Industries Inc. , the biggest U.S. maker of motor homes, may make its first acquisition in more than 20 years, signaling the recreational- vehicle market sees a sustained economic recovery.
Consumer confidence in the U.S. improved in February from a month earlier as more consumers grew optimistic about the outlook for the economy.
"While the harsh winter weather has kept consumers away from retail outlets, it has not had a detrimental impact on their outlook for future economic conditions."
- Richard Curtin on Feb 28, 2014