January 16, 2019

US Consumer Confidence Edges Up Slightly To Start 2019

by Jharonne Martis.

“The beginning of 2019 shows contentment with the current economic situation, prompting some willingness to invest,” reports Chris Jackson, Vice President at survey research firm Ipsos.” Despite this, slightly lowered expectations and much lower job market confidence suggests consumers still have some concern over what the year will hold.”

Jharonne Martis, Director of Consumer Research at Refinitiv, said, “Accordingly, analysts polled by Refinitiv are also lowering their 2019 earnings expectations. The holiday season saw a robust rise in consumer spending, and an estimated earnings increase of 13.6% for Q4 as measured by Refinitiv. However, the Refinitiv retail earnings index is expected to decline to a 6.7% in Q1 2019, and remain in the single digits growth for most of 2019.”

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