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U.S. Consumer Confidence Dips Less Than Expected In January

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
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Consumer confidence in the U.S. pulled back by less than expected in the month of January, according to a report released by the Conference Board on Tuesday.

The Conference Board said its consumer confidence index dipped to 113.8 in January after climbing to a revised 115.2 in December. Economists had expected the index to drop to 111.9 from the 115.8 originally reported for the previous month.

The modest decrease by the headline index reflected weakened expectations about short-term growth prospects, with the expectations index falling to 90.8 in January from 95.4 in December.

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