The Consumer Confidence Index has risen in the USA after the latest developments in the local market. According to the data released yesterday in the US, consumer confidence rose to 113.7 points from 109.4 points in December, well above market expectation. The rapid rise in consumer confidence following the US presidential election shows that people are optimistic about the possible new policy. On the other hand, the recovery in household confidence can support growth in consumption, which can be reflected positively in growth figures.
Another remarkable detail in the US is the improvement in the manufacturing industry. In December, Richmond FED Manufacturing Industry Index rose 8 points, while Dallas FED Manufacturing Industry Activity Index was at 15.5 points. In addition to the data we believe will contribute positively to the rate of increase in the Gross Domestic Product in the last quarter, the housing sector is also maintaining its strength.
- Date: 29 December 2016 Thu 08:51
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