trending Market Intelligence /marketintelligence/en/news-insights/trending/D2GrJR7QF2_b0ZVbHUYHFQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

US consumer sentiment continues to weaken in December

Infrastructure Issues: Tools to Dig Deep on Potential Risks

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

US consumer sentiment continues to weaken in December

Consumer confidence continued to weaken in December but only slightly, as the figure fell just below the average for the year — which is the highest since 2000, the final results of a University of Michigan survey showed.

The consumer sentiment index declined 2.6% to 95.9 this month from 98.5 in November and fell 2.3% from the same prior-year period. It was also down 0.9% from a December preliminary result. The average for 2017 is 96.8.

The survey showed that most of the decline in December was among lower income households.

The measure of current economic conditions inched up 0.3% on a monthly basis to 113.8 in December. Uncertainty about future economic prospects continues to increase, reflecting 5.2% drop in consumer expectations to 84.3 in December.

About 29% of the respondents mentioned the tax reform bill just signed into law by President Donald Trump, the survey said, with perceptions of its effect on economic prospects divided almost equally between positive and negative.

Richard Curtin, the survey's chief economist, said most consumers will know more about the revised tax code when the new paycheck withholding amounts take effect in early 2018. "While the mostly small gains in take-home pay may not spark an uptick in optimism, those gains would act to dampen any renewed pessimism," he added.

Curtin said the figures signal that real personal consumption expenditures will expand by 2.6% in 2018.