+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Here comes consumer confidence ...

Dec 23, 2016, 20:24 IST

Kena Betancur/Getty Images

The University of Michigan will release its final survey of consumers in December at 10 a.m. ET.

Advertisement

The preliminary consumer sentiment index was 98, the highest since January 2015, according to Bloomberg.

Gauges of consumer and business sentiment have jumped since the election of Donald Trump, as the end of the tense campaign trail brought relief.

Last month, more consumers than ever before said they were bullish on the US economy. The only groups of people that weren't more confident were those with a college degree and residents of the Northeast, according to the survey.

While improving sentiment is encouraging, it doesn't mean an economic boom is right around the corner. Real data on the US economy that has come out since the election hasn't blown the roof off of expectations. Economists warn that the confidence will only be sustained if the next administration produces real results.

Advertisement

More to come ...

NOW WATCH: Watch Yellen explain why the Federal Reserve decides to raise rates

Please enable Javascript to watch this video
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article