Us Consumer Confidence Dips Despite High Equity Prices

Quotes from Capital Economics:

- Despite record high stock markets and gradually improving labour market conditions, the University of Michigan’s measure of US consumer confidence dropped back to 80.4 in January, from 82.5. Since the index only reversed a small part of December’s sharp rise, we aren’t too concerned about the fall, particularly as the unseasonably severe winter weather, may have played a role.

- Overall, a disappointing fall in confidence but, with the key drivers of confidence still improving and the potential for a weather-related rebound in February, we expect consumers to be more upbeat soon.The material has been provided by InstaForex Company – www.instaforex.com

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