United States Consumer Confidence

United States

United States: Consumer confidence surges to seven-year high at start of year

January 27, 2015

The Conference Board consumer confidence index jumped to 102.9 points in January from a revised 93.1 points in December (previously reported: 92.6 points). January’s reading far exceeded market expectations of a rise to 96.0 points. Moreover, the index reached the highest point since August 2007.

January’s increase in confidence was driven by a notable improvement in consumer’s assessments of current economic conditions. Consumer’s expectations regarding business conditions over the next six months and their outlook on the future of the job market were also much more optimistic in January compared to December.

FocusEconomics Consensus Forecast panelists expect private consumption to grow 3.0% in 2015, which is up 0.1 percentage points from last month’s forecast. For 2016, the panel sees private consumption increasing 2.7%.

Author:, Economist

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United States Consumer Confidence Chart

USA Consumer Confidence January 2015

Note: Consumer Confidence Index.
Source: The Conference Board.

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