by Jharonne Martis.
Consumer Confidence, as measured by the Thomson Reuters/Ipsos Primary Consumer Sentiment Index (PCSI), is flat finishing out 2017. The overall index for December stands at 60.7 for American Consumer Confidence –– an increase of just 0.2% compared to last month and up 2.3% Y/Y.
The hoped-for prolonged rally that seemed in the offer through the first half of 2017 has not continued and confidence has mostly stagnated since June.
Jharonne Martis, Director of Consumer Research at Thomson Reuters, said, “ analysts polled by Thomson Reuters are becoming more bullish on consumer spending as we move forward into the holiday shopping season. Analysts continue to raise their Q4 same store sales outlook for several retailers. As a result, the Thomson Reuters Same Store Sales Index is now looking at a 1.7% Q4 2017 growth, stronger than last year’s 0.8% result.”
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The Thomson Reuters/Ipsos US Primary Consumer Sentiment Index (PCSI), ongoing since 2010, is a monthly national survey of consumer attitudes on the current and future state of local economies, personal finance situations, savings and confidence to make large investments. The Index is composed of four sub-indices: Current Conditions Index; Expectations Index; Investment Index; and, Jobs Index.
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