The preliminary look at January's sentiment shows consumers are much more confident than in December. The index jumped 6.3 points to 98.0, the highest level in three years. The index was rumored to reach 98.0 a little after 14:30 but the market expected a 1.1-point rise to 92.8 from a 91.7 index in December.
Pushing the index were the record highs in the current condition and expectations index. Current conditions, owing to the low oil prices rose by 4.4 points to 112.5, the highest since July 2005. The expectation index rose to 88.7 from 81.2, marking a 2-year high.
No comments:
Post a Comment