US EditionUS consumer confidence slumps in January to a level last seen in 2014
The Consumer Confidence Index fell 9.7 points to 84.5, the lowest since 2014, as job market perceptions weakened and inflation worries rose, signaling recession risks.
- The Conference Board said Tuesday its Consumer Confidence Index fell 9.7 points to 84.5 in January, the lowest level since 2014.
- Respondents cited rising gas and grocery prices and increased mentions of tariffs, trade and politics, while the survey cutoff Jan. 16 reflected growing labour market concerns.
- The Present Situation Index fell 9.9 points to 113.7 while the labour market differential dropped to 3.1, with consumers saying jobs were 'plentiful' at 23.9% and 'hard to get' at 20.8%.
- Consumers scaled back plans for big-ticket purchases and homebuying, reducing near-term demand while economists said they did not expect the Federal Reserve to change policy Wednesday.
- With the Expectations Index at 65.1, economists including Oliver Allen warned the slump may flag slower spending, though consumers under 35 and Gen Z stayed relatively optimistic.
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Consumer confidence plunges to lowest level in more than a decade
U.S. consumer confidence slumped to the lowest level since 2014 in January, sinking below pandemic-era lows as Americans are concerned about the labor market.The Conference Board released its preliminary consumer confidence reading for January, which showed it declined by 9.7 points to 84.5, from an upwardly revised reading of 94.2 in December. That December revision flipped the initially reported decline to a slight increase, though the January…
US Consumer Confidence Dives to a More Than 11-1/2-Year Low
U.S. consumer confidence slumped to the lowest level in more than 11-1/2 years in January amid mounting anxiety over a sluggish labor market and high prices, which could see households becoming more cautious about spending. The surprise deterioration in confidence reported by the Conference Board on Tuesday was across political party affiliation, with survey respondents identifying as Independents the most pessimistic. It could add to pressure o…
Consumer confidence falls to lowest level in more than a decade
The Consumer Confidence Index fell in January to 84.5, its lowest level in more than a decade, reflecting Americans’ persistent concerns about the U.S. economy. The index — which measures how Americans feel about current and future economic conditions — fell 9.7 points this month from the upwardly revised 94.2 recorded in December. Both components...
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