Election outcome, COVID resurgence hinders US consumer confidence

13 November 2020

 

Summary: US consumer confidence down in November; University of Michigan index lower than expected; future economic prospects viewed less favourably; decline due to election outcome, resurgence in COVID infections and deaths.   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...

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