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As a result, business and consumer confidence has soared.
Despite tepid growth and still-high unemployment, consumer confidence has soared to a five-year high, according to a survey by Thomson Reuters and the University of Michigan.
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So it is little wonder that confidence has soared to levels associated in the past with annual consumer-spending growth of over 5%.But would spending on such a scale lead to higher inflation, as it has in the past?
American consumer confidence has started to wobble.
"The combination of unprecedented oil prices, economic slowdown and weaker consumer confidence has led to substantially lower first quarter profits".He noted that fuel prices had doubled in the past year, sending BA's fuel bill soaring to more than £8m a day.
Consumer confidence has improved.
Consumer confidence has already fallen sharply.
Consumer confidence has gone down," Peters said.
Since last fall, consumer confidence has dropped sharply.
Consumer confidence has fallen to record lows.
Consumer confidence has also been hit.
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