While the January confidence reading is the highest in thirty four months, it still remains in the recession range. The index averages 100 plus when economic growth has been better than average for more than a year and the unemployment rate has been below average for more than a year. The consumer confidence index soars to 130 plus at the end of a strong economic expansion.
Further sizable gains can be expected in the consumer confidence index in the coming months based on the revised data
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