e-forecasting.com's reported today that Americans confidence on the economy rose again in December.
According to the highlights published today in the December issue of the US Consumer Confidence Digest, the trend measure of the consumer confidence, which smoothens out high frequency noise, “increased 0.1% in December from November, … more important Americans’ confidence now, in December, is 1.3% higher than in December of 2017,” said Evangelos Otto Simos, professor at the University of New Hampshire and editor of the Digest.
Looking at consumers' buying intentions for big-ticket items and services six months ahead, the early bird of consumer predictive analytics foresees that “… Americans’ plans for travel and vacation are now 7.8% higher than in December of last year;” Evangelos Simos added. To put that in perspective, “…Americans’ intentions to buy electronics over the next six months are now 5.1% below their buying intentions in December of 2017…,” Evangelos pointed out.
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