VoCUL: Leap in Overall Spending - Expectations and Confidence Surge (Leading Indicator)
Macroeconomic Outlook - Consumer Spending: After five consecutive declines, our December survey is showing a leap in US consumer spending growth going forward. The findings also point to a surge in expectations and confidence. The survey of 1,784 US consumers from 451 Research's Leading Indicator panel -- completed December 21 -- shows increases for nearly every spending category, and the positive movement is also reflected across most major retailers. As seen in previous surveys, the uncertainty of the US presidential election was a contributing factor to delayed holiday spending this year. Now that the uncertainty has passed, consumers are more willing to spend.