Consumer Confidence Index Increases in January
January 31, 2018 / Source: Bank News
January 30 — The Conference Board Consumer Confidence Index has been released, showing increased confidence following a decline in December. The index now stands at 125.4, up from 123.1 last month.
While the confidence index did increase from December, the Present Situation Index fell slightly, from 156.5 to 155.3, while the Expectations Index increased from 100.8 to 105.5. The Consumer Confidence Index is based on a probability-design random sample and is conducted for The Conference Board by Neilsen.
Consumer assessment of business conditions was mixed, with those stating conditions were “good” decreasing to 35.9 percent from 35.8 percent in December. The number of consumers who feel conditions are bad also increased slightly, moving from 11.7 to 12.7 percent. Labor market perceptions are also mixed: both respondents who felt jobs were “plentiful” and those who felt jobs were “hard to get” increased, 37.6 percent and 16.4 percent, respectively.
However, consumers do seem to anticipate improving business conditions over the next six months, and the number of consumers who feel there will be fewer jobs in the near future declined to 11.8 percent.
Full survey results, including results broken down by region, age and household income are available here.