Wednesday, January 29, 2020

US consumer confidence climbs in January

US consumers started 2019 feeling more confident, even better than expected, according to a private survey released Tuesday that also showed confidence climbed in December.

Analysts hailed the stronger than expected results showing Americans are more upbeat about their job prospects, and willing to spend more cash, which will shore up the US economy.

And the updated December data turned what was initially reported as a slight dip in confidence into a solid increase last month, according to the Conference Board's monthly report. . . . more