US Economics

US Data Response

13 April, 2018

Uni. of Michigan Consumer Confidence (Apr.)

Although it fell in April, the University of Michigan consumer confidence index remains at a high level by past standards and suggests that the slowdown in spending growth at the start of this year will prove to be a blip. The past relationship hasn’t always been close, but at face value the survey is now consistent with real consumption growth accelerating to more than 4% annualised.

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