U.S. consumer confidence slips but still buoyant

27 March 2018

 

Consumer confidence surveys are important private sector surveys even though economists view them as lagging indicators. Their importance lies in the confirmation of spending patterns. As consumption in developed countries may amount to 60%-70% of GDP, knowing how it is behaving is important for forecasts of GDP growth rates, which in turn flow into credit growth and inflation rates. The Conference Board index is one of two U.S. consumer sentiment...

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