US consumer confidence drops for the first time since the election

pulse

February 10, 2017 3:51 PM

Various measures of US consumer confidence have spiked since the election in November.

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Various measures of US consumer confidence have spiked since the election in November.

But for the first time since October, the University of Michigan's survey of consumers showed a drop in expectations for economic growth.

The preliminary sentiment index for February slipped from a 12-year high in January to 95.7. It had been forecast at 98, down from 98.5, according to Bloomberg.

Since the election, this report has shown a partisan rift in how Americans feel about the economy's future. For Democrats, the Expectations Index is near a historic low, indicating a recession, while the gauge for Republicans is near an all-time high.

Curtin said more survey respondents than ever before mentioned government policies positively or negatively.

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