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Consumer confidence in the US is at the peak of 9 months

The consumer confidence index measured at the University of Michigan in the US exceeded forecasts in January as inflation concerns eased.

Consumer confidence in the US is at the peak of 9 months

In the USA, the University of Michigan leading Consumer Confidence increased to 64.6 from 59.7 in January. This was the highest level in 9 months.

The current conditions index, which received a value of 59.4 in December, rose to 68.6, while the expectations index rose to 62 from 59.9.

A statement from the University of Michigan said that despite the recovery in consumer confidence, it is still historically low.

Inflation expectations also decreased to the lowest level since April 2021. the 1-year inflation expectation decreased to 4 percent from 4.4 percent, while the 5-year expectation increased to 3 percent from 2.9 percent

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