While Thomson Reuters and the University of Michigan released a report on Friday showing an upward revision to their consumer sentiment index for January, the report still showed a drop in sentiment compared to December.
The report showed that the consumer sentiment index for January was upwardly revised to 81.2 from the preliminary reading of 80.4.
The index came in slightly above economist estimates for a reading of 81.0 but is still below the final December reading of 82.5.
Reuters said upper income households reported improved confidence, while households with incomes less than $75,000 reported a decrease.
"Prospects for either consumers' own personal finances or for the economy as a whole have remained more resistant to improvement, especially longer term prospects," survey director Richard Curtin said, according to Reuters.
He added, "This has prevented recent economic gains from building the type of positive upward momentum that has sparked and sustained increases in consumer optimism and confidence."
The report showed that the barometer of current economic conditions for January was upwardly revised to 96.8 from 95.2 but remained below the 98.6 December reading.
The gauge of consumer expectations for January was also upwardly revised to 71.2 from 70.9 but was still down compared to 72.1 in December.
On the inflation front, one-year inflation expectations edged up to 3.1 percent in January from 3.0 percent in December, while the five-to-ten-year inflation outlook rose to 2.9 percent from 2.7 percent.
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