US consumer confidence surges

30 August 2016

 

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 and as consumption in developed countries may amount to 60%-70% of GDP, knowing how it behaving is important for financial markets’ forecasts for GDP growth rates, which in turn flow into demand for credit and inflation rates. The latest release from the US Conference Board’s...

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