The Consumer Confidence Index in January, which shows how American consumers view the economy, rose significantly to its highest level in two years and one month, showing that personal spending, which has been supporting the American economy, is solid. It will be interesting to see if this continues in the future.
The Consumer Confidence Index is an index of how American consumers view the economy based on a survey conducted by the American research company ``The Conference Board,'' and is regarded by the market as a leading indicator of personal consumption. It is being
The consumer confidence index for January announced on January 30th was 114.8, a significant increase of 6.8 points compared to December last year, and the highest level for the first time in two years and one month since December 2021. I did.
The research firm points to slower inflation, expectations for lower interest rates, and a strong job market as contributing factors.
In the United States, economic growth continues to exceed market expectations, with the GDP (gross domestic product) growth rate from October to December of last year being positive for six consecutive quarters.
It will be interesting to see if trends in consumer spending, which have supported the American economy even under high interest rate levels, will continue to be strong, as this will also influence the timing of interest rate cuts by the Federal Reserve, the central bank. .