The Conference Board’s Consumer Confidence Index improved in January, rising 1.8 points to 98.1, the second consecutive monthly increase.
The Present Situation Index was unchanged in January at 116.4, while the Expectations Index increased 2.9 points to 85.9.
“Consumer confidence improved slightly in January, following an increase in December,” says Lynn Franco, Director of Economic Indicators at The Conference Board. “Consumers’ assessment of current conditions held steady, while their expectations for the next six months improved moderately. For now, consumers do not foresee the volatility in financial markets as having a negative impact on the economy.”
Read The Conference Board release.