US consumers slightly more confident; current conditions offset by future prospect

16 October 2020

 

Summary: US consumer confidence up again in October; University of Michigan index higher than expected; concerns regarding current conditions “largely offset” by views of economic prospects.   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 began to recover,...

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