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Friday
Jun262009

Michigan Confidence At Highest Level Since January 2008

DateFriday, June 26, 2009 at 11:24AM

Michigan Confidence joins the growing number of indicators that are now at or better than Pre-Lehman levels.  Today's reading of 70.8 is actually the highest since January 2008.  This month's reading is also the fourth consecutive month-over-month increase in confidence.  A reading of 70.8 is still well below the monthly average of 86.8 since 1978, but it's also nicely above the level of 55 that we saw in late 2008.


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