“The Conference Board Consumer Confidence Index ® decreased in January, following a decline in December. The Index now stands at 120.2 (1985=100), down from 126.6 in December,” the Conference Board reported on Tuesday.
Key takeaways from the press release
- The Present Situation Index declined marginally, from 169.9 to 169.6.
- Consumers’ optimism about the short-term future was more pessimistic in January.
- Consumers’ outlook for the labor market was also less favorable.
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