US consumer confidence down sharply in January

The board's consumer confidence index sank to 58.6 in January from 66.7 in December, far below the 2012 peak of 73.1 in October.

The January level was also below where the index stood in January 2012, as readings on consumer views of the current situation and the outlook both diminished. It was the third consecutive monthly decline in confidence.

“Consumer confidence posted another sharp decline in January, erasing all of the gains made through 2012,” said the Conference Board's Lynn Franco.

“Consumers are more pessimistic about the economic outlook and, in particular, their financial situation,” she said in a statement.

SHARE CLOSE
Blogger		Google+
Live Journal		Plurk
Stumble Upon

Tweet

	PREVIOUS ARTICLE
	At least twenty perish in Kazakhstan plane crash

NEXT ARTICLE
British man gets 6 years in Bali drug trial

Write a Comment

Terms

Enter your comments - 3000 characters max

Type in image code

 Receive China Post promos
 Respond to this email

Submit