Consumer Confidence Falls in January
January 29, 2019
The Conference Board’s consumer confidence index fell to 120.2 in January, down from 126.6 in December. This marks the third consecutive month of decline for the index. It is now down 17.7 points since it began its drop in October. January’s reading was the lowest since July 2017.
The index tracks consumers’ opinions of current economic conditions, as well as their expectations for the next six months. The Conference Board noted that January’s decline may be a temporary shock, caused by the government shutdown and market volatility.