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Consumer Confidence Index
According to many economists, the nation has been in a recession that in retrospect likely began in March 2001. Consumer confidence has been on a downward spiral for quite some time; however, it began to recover from its lowest levels in December. It is likely that the Enron scandal caused the downward blip in February, but March 2002 finally began to show some strong signs of recovery. This is a good sign for the Michigan tourism industry since consumers tend to spend more money on travel when they express higher levels of confidence in the economy.
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