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It was the highest since July 2001.The index measures both consumers' assessment of current conditions and their expectations for the future, and both improved in February. Americans have been in an optimistic frame of mind in recent weeks amid speculation the Trump administration will work with Congress to get a tax cut and a repeal of a much-debated health care law. AUSTRALIA ECONOMY Australia avoids recession with growth in December quarter CANBERRA, Australia (AP) Australia has reported a faster-than-expected 1.1 percent expansion in the final three months of last year, as resurgent coal and iron ore prices helped the country avoid recession. Had the economy shrunk for the December quarter in Australian Bureau of Statistics figures released on Wednesday, Australia would be in its first technical recession since 1991. The growth followed a shock 0.5 percent decline for the September quarter. Growth for the calendar year was 2.4 percent, up from 1.8 percent for the year through September. EARNS-TARGET Target pledges to reinvest in business after weak quarter NEW YORK (AP) Target, which has been suffering from a loss of business, is promising to spruce up some stores and make other investments in its business. This comes in the wake of its release of weak quarterly financial results and an outlook that was far below what analysts were expecting. The retailer's profit for the quarter that includes the holiday season fell 43 percent, with strong online sales failing to offset weaker business at its stores. Target's stock tumbled more than 12 percent, and other retailers dipped as well.