Consumer Confidence Dipped Again in January
Consumers had been feeling increasingly confident until the past two months, spending more leading to the holiday shopping season, the Conference Board said.
WASHINGTON — U.S. consumer confidence dipped for the second consecutive month in January, a business research group said Tuesday.
The Conference Board reported that its consumer confidence index retreated this month to 104.1 from 109.5 in December. Analysts had forecast a reading of 105.8.
December’s reading was revised up by 4.8 points but still represented a decline from November.
Consumers had been feeling increasingly confident until the past two months, spending more in the run-up to the all-important holiday shopping season.
The consumer confidence index measures both Americans’ assessment of current economic conditions and their outlook for the next six months.
Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.