US Consumer Sentiment Comes Back

US Consumer Sentiment Comes Back

The measure of US consumer sentiment improved for the 1st time in 5 weeks as political tension in Washington eased after the longest government shutdown in the country’s history.

The Consumer Comfort Index rose to 58.2 last week from 57.4, according to a report Thursday.

A measure of ratings about personal finances climbed to a seven-week high, while gauges of the buying climate and national economy also posted gains.

The Key Takeaways

  • The broad advance shows sentiment brightening after the 5-week government shutdown ended on 25 January. The rebound following the political impasse and financial-market volatility it spurred brings the main gauge back closer to the 17-year high that it reached in September.
  • The recovery follows a January jobs report showing that the labor market remained surprisingly robust with solid wage gains that could help support consumer spending.
  • The comfort gauge rose in 3 of 4 regions, with the Midwest index rising to the highest since Y 2000 and the West posting a decline.
  • Sentiment among Democrats declined to its lowest level since September, while the reading for Republicans dropped and the level for independents increased.
  • Comfort for those ages 35 to 44 fell for a 3rd week as other age groups showed gains.

Making and Keeping America Great!

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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