Economic Report: Consumers confident in the economy at the end of 2019, but don’t expect faster growth

Consumers are still very confident in the U.S. economy. The numbers: Americans felt very confident in the U.S. economy at the end of 2019, but they were not quite as optimistic as they were last summer, according to a new survey. The closely followed U.S. Conference Board’s index of consumer confidence fell slightly to 126.5…

Economic Report: Consumers confident in the economy at the end of 2019, but don’t expect faster growth

Consumers are still very confident in the U.S. economy. The numbers: Americans felt very confident in the U.S. economy at the end of 2019, but they were not quite as optimistic as they were last summer, according to a new survey. The closely followed U.S. Conference Board’s index of consumer confidence fell slightly to 126.5 in December, but only because the initial figure for November was reviser higher. The November reading was raised to 126.8 from an original 125.5, the Board said Tuesday. By historical standards, consumer confidence is still quite high. The index hit an 18-year high of 137.9 in October 2018 and it has remained close to that mark since then. What happened: An index that gauges how consumers feel about the economy right now rose 4.4 points to 170, but that was offset by a decline in how American view the next six months. The so-called future expectations index slid to 97.4 from 100.3. That suggests Americans don’t think the economy will grow any faster in the first half of 2020. Still, consumer confidence was higher at the end of 2019 than i
Read More From Publisher