Consumer confidence index drops in January

Consumer confidence dropped in January after hitting a 15-year high in December, reports The Wall Street Journal.

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The Conference Board’s consumer-confidence index, which measures consumer attitudes and buying intentions, fell from 113.3 in December to 111.8 in January. Economists, surveyed by WSJ, expected the index to fall to 112 last month.

A less optimistic outlook for business conditions, jobs and consumer income fueled the decrease, according to the report.

 

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