It also reflects confidence in the long-term health of the economy.
The growth of the University reflects the country's confidence in its contribution to education and research.
"It reflects our growing confidence that we can in fact grow the newspaper business," he added.
Perhaps reflecting growing confidence, three new houses were built in the American compound last year.
This probably reflects the writer's greater maturity, confidence and power.
Reflecting its confidence in the sale, the Government demanded a starting price of $2.1 billion.
The rise apparently reflects confidence that a recovery will finally appear in 1992.
Hiring reflects confidence, and financial markets certainly watch the deficit.
That was the largest increase in five months, perhaps reflecting renewed confidence among bears.
A state-of-the-art facility reflects a community's confidence in its potential.