Economy Report: Phases and Stages
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Jan 12, 2021
A key indicator of consumer confidence slipped in December as the coronavirus pandemic raged on in the United States amid the initial rollout of vaccines to combat the virus. The Conference Board reported that its Consumer Confidence Index fell to 88.6 from a revised 92.9 in November, dropping to its lowest reading since August.
“Consumers’ assessment of current conditions deteriorated sharply in December, as the resurgence of Covid-19 remains a drag on confidence,” Lynn Franco, senior director of economic indicators at The Conference Board, stated in a press release. “As a result, consumers’ vacation intentions, which had notably improved in October, have retreated. On the flip side, as consumers continue to hunker down at home, intentions to purchase appliances have risen. Overall, it appears that growth has weakened further in Q4, and consumers do not foresee the economy gaining any significant momentum in early
The Bank Indonesia (BI) Consumer Survey in December, 2020 has indicated that consumer confidence in economic conditions is strengthening, and approaching the .
Global Contact Lens Market Insights & Forecast 2020-2024 with COVID-19 Impact Analysis - ResearchAndMarkets.com
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The global contact lens market is forecasted to reach US$9.92 billion in 2024, growing at a CAGR of 7% for the period spanning 2020-2024. Factors such as increasing spending on eyewear products by population, rising prevalence of myopia, rapid urbanization, improving consumer confidence index and accelerating personal disposable income are expected to drive the market. However, the growth of the industry would be challenged by growth in LASIK surgeries and lack of proper health-care facilities. Few notable trends include technological advancement, increased consolidation of market players, increasing shift towards daily disposable lenses and rising e-commerce sales. In 2020, the outbreak of COVID-19 pandemic has created an unfavorable impact on the market as the contact lens demand has decreased rapidly.
The GBP/USD is trending higher The GBP/USD is trending higher
Jason Lubin December 24, 2020 10:50 PM
Look to the 50-day simple moving average for support. Share:
The US Dollar was bearish against most of its major pairs on Thursday with the exception of the CHF and JPY. On the US economic data front, no major economic data was released.
On Friday, US markets will be closed to observe Christmas Day.
The Euro was bearish against most of its major pairs with the exception of the CHF and JPY.
The Australian dollar was bullish against most of its major pairs with the exception of the GBP.
RAPAPORT. US consumer confidence fell almost 5% this month amid the latest coronavirus wave, according to the Conference Board.
The business data group’s Consumer Confidence Index declined to 88.6 in December, from 92.9 in November, it reported Tuesday. Americans gave a weaker.