Consumer confidence in the United States rose in February compared to a month earlier. This is shown by a provisional figure from the University of Michigan.
The index that reflects the sentiment among American consumers went to a stand of 95.5. In January, the index was 91.2. Economists this time averaged a score of 93.5, the same figure as the preliminary estimate.
In January the indicator was still at the lowest level in more than two years, due to concerns among Americans about the shutdown of the government and the negative consequences for the economy. There were also concerns about the turmoil on the financial markets and the trade struggle with China. Now these worries seem to have been pushed back into the background, by the end of the shutdown and the positive voices surrounding the trade talks between China and the US.
Lesley Woutersen, one of the co-founders of the EconomicInform gives away all of his free time to the project. He is interested in stock exchange and digital assets. Lesley can be reached by [email protected]