U.S. Consumer Morale At Two-Year Low, Factory Output Surges

Published on 18 Jan 2019, 18:16
U.S. consumer sentiment tumbled in early January to its lowest level since President Donald Trump was elected more than two years ago.

The figures reflected fears of an ongoing partial shutdown of the federal government and financial market volatility would slow the economy.

The drop in confidence reported by the University of Michigan on Friday is the clearest sign yet that the impasse in Washington over Trump’s demands for $5.7 billion to help build a wall on the United States’ border with Mexico was negatively impacting the economy. Trump has touted high consumer confidence as an indication of the good job he is doing on the economy.

This video was produced by YT Wochit News using wochit.com