December 17, 2018

US Consumer Confidence Dips in December

by Jharonne Martis.

American consumer confidence, as measured by the Thomson Reuters/Ipsos Primary Consumer Sentiment Index, sees a moderate 1.4 point drop in December, 2018. Three of four sub indices see noticeable drops while the Jobs Index reports solid growth. The Investment and Current Indices saw the largest drops of 3.2 points and 3.0 points, respectively. Despite these strong drops, the Jobs Index reports 1.3 points of growth.

“Last month showed consumers in a state of cautious optimism. They believed the future was going to improve, but didn’t quite want to plan for it,” reports Chris Jackson, Vice President at survey research firm Ipsos.”This month’s findings show that consumers have become more pessimistic. They remain confident in the job market, but it seems all the uncertainty in the political and financial spheres over the last few months has turned sour.”

Jharonne Martis, Director of Consumer Research at Refinitiv, said, “Looking forward to the first quarter of 2019, the Refinitiv Same Store Sales estimates are below the current 3.1% healthy mark. This underlines consumers feeling of uncertainty about what to expect from the economy in 2019.”

Download the full report here.

Report Topics

Get In Touch


Related Reports

"While the unemployment rate continues to hold at a 50 year low, consumers still have ...

After years of double-digit revenue growth, Adidas’ revenue growth has fallen to ...

"The ongoing trade war with China and Mexico ushers concerns about the future stability ...

Retailers continue to report Q1 2019 earnings, and 55 retailers have mentioned tariffs ...

We have updated our Privacy Statement. Before you continue, please read our new Privacy Statement and familiarize yourself with the terms.×