An escalation of tariffs or quotas could cause supply chain disruptions.
Despite a mixed outlook on the jobs front, the index is still at a historically strong level.
China’s “consumer upgrade” is driving spending on designer fashion from local and international brands.
The near-term outlook on business conditions and job prospects were areas of concern by consumers.
Business conditions might be somewhat flat, but the availability of jobs six months out is expected to improve.
Consumer sentiment for the short-term — six months out — is expected to rise, particularly on the jobs front.
Confidence over current conditions are at a nearly 16-year high.
For the rolling 12 months, the index has slipped for two months from its high of 124.9 in March.
Short-term jobs front outlook hurt consumer confidence in January.