Consumer Confidence Disappoints As Trump Hope Dips
By Tyler Durden
After surging to 12-year highs in December, following Trump's election victory, UMich consumer sentiment faded in January and missed expectations (98.1 vs 98.5 exp). While inflation outlooks picked up modestly off record lows, economic 'expectations' – hope – dipped from 89.5 to 88.9 as the Trump Bump appears to have stalled.
While not quite as big a drop as Bloomberg confidence data, it appears Trumphoria is fading…
Even as inflation outlooks bounce off record lows…
On the bright side, survey respondents improved their view of it “being a good time to buy” Household Items, Homes, and Vehicles.
Source: Consumer Confidence Disappoints As Trump Hope Dips
Posted January 13th, 2017 in Uncategorized.
