US consumer confidence dips again to start the year, according to business group [View all]

Source: Associated Press

Business
US consumer confidence dips again to start the year, according to business group

By MATT OTT
Updated 11:54 AM EST, January 28, 2025

WASHINGTON (AP) — U.S. consumer confidence dipped for the second consecutive month in January, a business research group said Tuesday. ... The Conference Board reported that its consumer confidence index retreated this month to 104.1, from 109.5 in December. That is worse than the economist projections for a reading of 105.8.

December’s reading was revised up by 4.8 points but still represented a decline from November. ... The consumer confidence index measures both Americans’ assessment of current economic conditions and their outlook for the next six months.

Consumers appeared increasingly confident heading into the end of 2024 and spending during the holiday season was resolute. In the face of higher borrowing costs, retail sales rose 0.4% in December and stores generally reported healthy sales during the winter holiday shopping season.

The board said that consumers’ view of current conditions tumbled 9.7 points to a reading of 134.3 in January and views on current labor market conditions fell for the first time since September.

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Read more: https://apnews.com/article/consumer-confidence-conference-board-spending-economy-31aab08b4281d3d23961c5c25fef6cca

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https://www.reuters.com/markets/us/us-consumer-confidence-deteriorates-further-january-2025-01-28/

US consumer confidence deteriorates further in January

By Reuters
January 28, 202510:15 AM EST Updated 2 hours ago

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https://www.wsj.com/economy/u-s-consumers-lose-confidence-at-start-of-trump-second-term-0e48375b

Economy
U.S. Consumers Lose Confidence at Start of Trump’s Second Term
Conference Board’s index falls more than expected

By Ed Frankl
https://twitter.com/Ed_Frankl
edward.frankl@wsj.com
Updated Jan. 28, 2025 11:22 am ET