U.S. shopper confidence slipped marginally in December as shoppers are cautious concerning the near-term outlook for monetary and job prospects. Nevertheless, analysts imagine that the important thing confidence measure is at a decent level.
On this regard, Lynn Franco, director of financial indicators of the Convention Board, mentioned that, “whereas the economic system hasn’t proven indicators of additional weakening, there’s little to recommend that progress, and particularly shopper spending, will achieve momentum in early 2020” (learn: Top-Ranked ETFs, Stocks From Top Sector of the Last Decade).
A Sneak Peek Into the Numbers
For December 2019, the Convention Board’s measure of shopper confidence index stands at 126.5, under the upwardly revised studying of 126.eight in November (from 125.5 initially). Nevertheless, December’s studying missed the consensus estimate of 128.2, per a Reuters’ poll.
The Present Situation Index, which gauges shopper views on present market circumstances, climbed from 166.6 to 170.0. Nevertheless,