The Conference Board Consumer Confidence Index increased in January, following a decline in December. The index now stands at 125.4, up from 123.1 in December. The present situation index decreased slightly, from 156.5 to 155.3, while the expectations index increased from 100.8 last month to 105.5 this month. Consumers’ assessment of current conditions was slightly less positive in December.
Consumers’ optimism about the short-term outlook improved in January, following a sharp decline in December. The likelihood of consumers anticipating business conditions to improve over the next six months increased marginally, from 21.6% to 22.0%, while those expecting business conditions to worsen increased from 9.0% to 9.8%.