US consumer confidence

The US Conference Board Consumer Confidence Index fell in April 2017. The index was at 120.3 in April compared to 124.9 in March 2017. The April reading was below the market expectations of 122.9.

Why US Consumer Confidence Is an Important Indicator

This index gives information from surveys across the United States (QQQ) (SPX-INDEX) (IVV) about what consumers buy and their sentiments toward products and services.

The index showed a deceleration, which indicates consumers are concerned about the economy. Concern about the business climate, personal income, and labor market conditions increased. Consumers also remained cautious about near-term economic growth. Consumers hope that the decline in the index won’t harm economic growth.

Market participants are increasingly concerned about whether Trump’s policy decisions could impact global trade flows. The slowdowns in various economic indicators such as the inflation index, economic growth, and labor market conditions are increasing consumer concern about the economy (SPXL) (VOO) (IWM).

In the next part of this series, we’ll analyze the performance of the UK’s 1Q17 GDP.

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WRITTEN BY Rabindra Samanta

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Amazon is discontinuing its Amazon Restaurants service, which has been delivering food for restaurants in parts of the United States. Amazon Restaurants launched in the United States in 2015 and entered the British market the following year. However, it met strong opposition in the British market.