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- US consumer confidence surged in early December - UoM survey
US consumer confidence surged in early December - UoM survey
Consumer confidence surged in early December to just one-tenth of an Index point below the 2015 peak-which was the highest level since the start of 2004. The surge was largely due to consumers' initial reactions to Trump's surprise victory. When asked what news they had heard of recent economic developments, more consumers spontaneously mentioned the expected positive impact of new economic policies than ever before recorded in the long history of the surveys. To be sure, an equal number volunteered negative judgments about prospective economic policies, but the frequency of those negative references was less than half its prior peak levels whereas positive references were about twice its prior peak says surveys of consumers chief economist, Richard Curtin.
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