consumer confidence fell again in January (United Michigan)

Washington (awp / afp) – Consumer confidence fell again in January in the United States, but the decline, mainly due to fears related to Covid-19, remains limited given the political events in the country, according to the preliminary estimate from the University of Michigan survey released Friday.

The index fell to 79.2 points from 80.7 in December.

If this drop is stronger than expected by analysts, who saw the index drop to 80 points, it is considered “insignificant” in view of “the terrible increase in deaths linked to Covid-19, of the insurgency ( on Capitol Hill) and the (procedure) impeachment “targeting outgoing President Donald Trump, said Richard Curtin, the chief economist in charge of this bimonthly investigation, quoted in the press release.

Thus, according to him, two elements have contributed to limiting the breakage: the ongoing deployment of the vaccine against Covid-19 and the anticipated consequences of the economic policies of Joe Biden, who is due to take office at the White House on January 20, and has promised a vast stimulus plan.

He thus presented emergency measures Thursday, to the tune of 1.900 billion dollars, specifying that they will be followed by an investment plan which will be presented in the coming weeks.

In addition, “the threats of Covid-19 on physical and mental health were considered in January to be more important than its financial repercussions,” said Richard Curtin.

In detail, the two sub-indices are down: the component measuring the perception of the current economic situation loses 2.3 points and falls to 87.7 points, the one measuring the perception of future economic conditions falls by 0.8 point and stands at 73.8 points.

afp / rp

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