American consumer confidence as measured by the Thomson Reuters/Ipsos Primary Consumer Sentiment goes into February 2018 continuing its forward progress to stand at 63.1. This is up a point and a half from last month and marks a new post-recession high. Jharonne Martis, Director of Consumer Research at Thomson Reuters, said, “Consumer confidence has a big impact on spending. The recent improvement is also reflected in The Thomson Reuters Retail and Restaurant earnings index, which has experienced a significant upward revision. The index is expected to grow 7.6% for the current quarter, up from 5.4% last month.”
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The Thomson Reuters/Ipsos US Primary Consumer Sentiment Index (PCSI), ongoing since 2010, is a monthly national survey of consumer attitudes on the current and future state of local economies, personal finance situations, savings and confidence to make large investments. The Index is composed of four sub-indices: Current Conditions Index; Expectations Index; Investment Index; and, Jobs Index.
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