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Local News

Consumer Confidence Ending Year on a High Note


A local Bend financial advisor sheds some light on a positive consumer confidence number. Yesterday, consumer confidence jumped in December to the highest level in 8 months. Troy Reinhart with Northwest Quadrant Wealth Management in Bend says anything above 50 is considered to be a good number. “And we went from 55.3 in November to 63% in December and that's a huge jump. And to see the 3rd highest of the year in consumer confidence, usually when people are feeling good they go out and spend money because they fell like they are going to have a job and there's some good feelings on the horizon that they'll continue to do well."  Experts also says the improving job market helped the consumer confidence number to regain all the ground it lost following the mid-year government budget battle and credit rating downgrade.

 

 

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