U.S. Consumer Sentiment Plunges To Lowest Level Since Trump's Election
18 Enero 2019 - 04:16AM
RTTF2
Consumer sentiment in the U.S. has seen a substantial
deterioration in the month of January, according to a report
released by the University of Michigan on Friday.
The preliminary report said the consumer sentiment index
plummeted to 90.7 in January from the final December reading of
98.3. Economists had expected the index to dip to 97.0.
With the much steeper than expected drop, the consumer sentiment
index tumbled to its lowest level since hitting 87.2 in October of
2016.
"Consumer sentiment declined in early January to its lowest
level since Trump was elected," said Surveys of Consumers chief
economist Richard Curtin. "The decline was primarily focused on
prospects for the domestic economy, with the year-ahead outlook for
the national economy judged the worst since mid 2014."
He added, "The loss was due to a host of issues including the
partial government shutdown, the impact of tariffs, instabilities
in financial markets, the global slowdown, and the lack of clarity
about monetary policies."
The report said the current economic conditions index slumped to
110.0 in January from 116.1 in December, while the index of
consumer expectations plunged to 78.3 from 87.0.
On the inflation front, one-year inflation expectations came in
unchanged at 2.7 percent but five-year inflation expectations
ticked up to 2.6 percent in January from 2.5 percent in
December.
US Dollar vs CAD (FX:USDCAD)
Gráfica de Divisa
De Feb 2024 a Mar 2024
US Dollar vs CAD (FX:USDCAD)
Gráfica de Divisa
De Mar 2023 a Mar 2024