US household sentiment bounces back from January blues

15 March 2019

 

US consumer confidence had been under pressure in recent months and less-confident households are generally inclined to spend less and save more. As private consumption accounts for a majority of GDP growth in advanced economies, household spending is a major determinant of a country’s overall expenditure. However, the latest survey indicates household confidence has bounced back after a sharp drop at the very start of the year.  The latest survey...

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