The growth of consumer confidence in the US exceeded expectations in January
The index of consumer confidence in the US in January 2018 rose to 125.4 points, according to the research organization Conference Board, which calculates this indicator.
According to the revised data, in December the consumer confidence indicator was 123.1 points, not 122.1 points, as it was announced earlier.
Analysts on average expected an increase to 123 points from the previously announced December level.
“Consumer confidence improved in January after a decline in December,” said Lynn Franco, director of the Conference Board’s economic indicators department. “Expectations have improved, although consumers have been unable to determine their attitude to the prospects for revenue growth in the coming months, possibly because of the uncertainty associated with the influence of tax reform “.
The percentage of Americans expecting an improvement in the market situation in the next six months, fell to 21.6% from 22% in December. The proportion of those who fear a worsening of the situation has increased from 9% to 9.8%.
The percentage of Americans expecting an increase in income in the next six months, slightly decreased – from 22.7% to 20.4%.
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