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Entrepreneur
Kurra Bewarse
Username: Entrepreneur

Post Number: 3970
Registered: 05-2011
Posted From: 24.164.46.35

Rating: N/A
Votes: 0

Posted on Tuesday, January 25, 2022 - 10:23 am:   

Consumer confidence slips in January as outlook takes a hit

The Conference Board's Consumer Confidence Index dropped to 113.8 (Briefing.com consensus 112.0) from a downwardly revised 115.2 (prior 115.8) in December. The dip came after three consecutive monthly increases but is still well above the 87.1 reading registered in the same period a year ago.

The key takeaway from the report is the moderation in the outlook, which points to some potential weakening economic activity in the short term.

The Present Situation Index increased to 148.2 from 144.8.
The Expectations Index fell to 90.8 from 95.4.

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