A fifteen year peak: US household sentiment surges

17 May 2019

 

US consumer confidence had started 2019 at well-above-average levels in a longer-term context, although it was markedly lower than the more buoyant readings which typified most of 2018. Less-confident households are generally inclined to spend less and save more and some drop off in household consumption, especially on discretionary spending, could have been expected to follow. As private consumption expenditures account for a majority of GDP in advanced economies, a...

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