Democrats celebrate; consumer confidence up in US

11 December 2020

 

Summary: US consumer confidence up in December; University of Michigan index above consensus figure; Democrats voters more optimistic, Republicans less optimistic; “independents” neutral; economic prospects viewed more favourably overall.   US consumer confidence started 2020 at an elevated level. However, by March, surveys had begun to reflect a growing uneasiness with the global spread of COVID-19 and its reach into the US. After a plunge in April, US household confidence...

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