American consumer confidence as measured by the Thomson Reuters/Ipsos Primary Consumer Sentiment starts 2018 with a measured uptick to stand at 61.6. This is up almost a point from December 2017 and well above the mark set at the beginning of last year.
Jharonne Martis, Director of Consumer Research at Thomson Reuters, said, “When consumers feel better about their personal financial situation, they tend to spend more freely. This is reflected in the Thomson Reuters Retail and Restaurant earnings index which is expected to grow 5.4% for the current quarter, but then rise into double digit growth as the year progresses.”
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