FXstreet.com (Barcelona) - US consumer's confidence has deteriorated again in January after an slight improvement in December, to resume a downward trend that started in July, according to the latest report by the Conference Board.
Consumer confidence has given back the mild improvement posted in December, in January the confidence index has fallen to 87.9 from 90.6 in December, with the expectations index dropping to 69.6 from 75.8 in December, while the present situation index increased to 115.3 from 112.9 in December.
Present day conditions have improved very slightly, although 20% assess the current business conditions as bad. Consumers' assessment of the job market improved somewhat with 20.1% considering jobs hard to get, down from 22.7% in the previous month. The short-term outlook has turned more pessimistic, with 16% expecting economic conditions to worsen, against 14.1% on the previous month.