Home Society Confident consumers deliver much needed optimism to the markets

Confident consumers deliver much needed optimism to the markets

U.S. consumer confidence in the economy continued to improve in January. This was revealed Friday by preliminary figures from the University of Michigan.

The Consumer Confidence index improved from 59.7 to 64.6. On the current state of the economy, the respondents were even more positive. This sub-index rose from 59.4 to 68.6. The expectations index rose from 59.9 to 62.0.

The inflation forecast for the next 12 months was 4.0 percent, up from 4.4 percent last month.

The inflation forecast for the next 5 years came out at 3.0 percent, down from 2.9 percent at the end of december, but within the narrow range of 2.9 to 3.1 percent that was visible in 17 of the last 18 months.


About the author: Jeff Roper

Jeff Roper has been teaching journalism for more than five years. A theorist who nevertheless took up some practice. He is fond of the history of journalism and journalism.

Load More Related Articles
Load More In Society

Leave a Reply

Your email address will not be published.