Consumer confidence rose in December amid record holiday sales, strong job gains: survey

U.S. consumer confidence rose in December amid a November hiring surge and strong holiday sales, according to survey results released Wed...


U.S. consumer confidence rose in December amid a November hiring surge and strong holiday sales, according to survey results released Wednesday.

The Refinitiv/Ipsos Primary Consumer Sentiment Index, a gauge of American economic optimism, rose to 63.4 in December, 1.2 point increase from November’s reading. 

The public opinion and analysis firms reported increases in consumer’s confidence in the current state of the economy, the job market, investments and expectations for the future. 

“The low and steady unemployment rate appears to have bolstered consumer confidence in the United States,” said Ipsos vice president Chris Jackson, citing a “greater sense of job security, as well as renewed optimism in the strength of our personal finances.”

Consumer confidence rose through the end of 2019 as trade tensions between the U.S. and China eased and fears of an impending recession faded after a volatile summer. A strong November gain of 256,000 jobs helped lay the groundwork for record holiday spending, followed by a solid addition of 145,000 jobs in December.

“Consumer spending was healthy during the holiday season, and bodes well going into 2020,” said Jharonne Martis, director of consumer research at Refinitiv.

The U.S. economy has extended more than a decade of record-breaking economic growth into the new year, fueled by a resilient job market and consumer spending. The unemployment rate sank to 3.5 percent in 2019 for the first time in more than five decades, and spent the entire year at or below 4 percent.

A solid economy is seen as a crucial benefit for President TrumpDonald John TrumpFive takeaways from the Democratic debate Sanders, Warren exchange underscores Iowa stakes CNN’s Van Jones: Democratic debate was ‘dispiriting,’ no evidence party can defeat Trump MORE as he faces a difficult reelection bid. The president aims to use a strong job market to woo swing voters away from his eventual Democratic challenger.



Source link

COMMENTS

Name

Africa,827,Americas,4134,Art & Culture,15053,Arts,6531,Arts & Design,1690,Asia,3310,Automobile,467,Baseball,645,Basketball,537,Books,3923,Business,5383,Celebrity,2633,Cricket,648,Crime,158,Cryptocurrency,1614,Dance,675,Defense,836,Diplomatic Relations,2496,Economy,1161,Editorial,260,Education,1270,Elections,308,Energy & Environment,3079,Entertainment,22791,Environment,3639,Europe,4257,Faith & Religion,235,Family & Life,817,Fashion & Style,3298,Finance,20123,Food & Drink,3780,Football,1115,Games,97,Gossip,10289,Health & Fitness,4126,Health Care,940,Hockey,229,Home & Garden,920,Humour,994,Latin America,49,Lifestyle,17210,Media,527,Middle East,1553,Movies,1757,Music,2677,Opinion,3139,Other,12025,Other Sports,5085,Political News,11324,Political Protests,2324,Politics,17819,Real Estate,1897,Relationship,106,Retail,3116,Science,2663,Science & Tech,10123,Soccer,250,Space & Cosmos,353,Sports,12337,Technology,3468,Tennis,583,Theater,1704,Transportation,313,Travel,2592,TV,3716,US,410,US Sports,1481,Video News,3531,War & Conflict,1069,Weird News,998,World,16642,
ltr
item
Newsrust - US Top News: Consumer confidence rose in December amid record holiday sales, strong job gains: survey
Consumer confidence rose in December amid record holiday sales, strong job gains: survey
https://thehill.com/sites/default/files/retail_manufacture_0.jpg
Newsrust - US Top News
https://www.newsrust.com/2020/01/consumer-confidence-rose-in-december.html
https://www.newsrust.com/
https://www.newsrust.com/
https://www.newsrust.com/2020/01/consumer-confidence-rose-in-december.html
true
732247599994189300
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content