US consumer confidence slumps in January to a level last seen in 2014
The Conference Board’s January index dropped 9.7 points to 84.5, marking the lowest consumer confidence since 2014 amid inflation and job market concerns.
- U.S. consumer confidence unexpectedly deteriorated in January, slumping to its lowest level since 2014 amid growing anxiety over high prices and a sluggish labor market.
- A measure of Americans' short-term expectations for their income, business conditions and the job market tumbled to 65.1, well below 80, the marker that can signal a recession ahead.
- Confidence collapsed in January, as consumer concerns about both the present situation and expectations for the future deepened, driving the overall index to its lowest level since May 2014, surpassing its COVID-19 pandemic depths.
115 Articles
115 Articles
US consumer confidence dives to a more than 11-1/2-year low
WASHINGTON — 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 …
Consumer confidence dives to lowest point in 12 years
(Getty Images)Monthly consumer confidence in January has sunk to its lowest point since 2014, The Conference Board announced Tuesday. “Consumers’ write-in responses on factors affecting the economy continued to skew towards pessimism,” said Dana Peterson, the chief economist for The Conference Board, a global nonprofit whose monthly consumer survey of thousands of consumers is widely watched by economists, executives, and policymakers. “Referenc…
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