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US consumer confidence improves further in January
The Consumer Sentiment Index in the United States improved by 2.1% in January compared to the previous month, and reached 54.0, coming in above analysts' expectations, a preliminary report released by the University of Michigan showed on Friday. However, the figure plunged by 24.7% on an annual basis. The Current Economic Conditions Index jumped by 4% month-over-month to stand at 52.4 in January, dropping by 30.2% year-on-year.
Added at 9:07am
- University Michigan Sentiment Prelim Actual 54 (Forecast 53.5, Previous 52.9)
University Michigan 1 Yr Inflation Prelim Actual 4.2% (Forecast 4.1%, Previous 4.2%)
University Michigan 5 Yr Inflation Prelim Actual 3.4% (Forecast 3.3%, Previous 3.2%)
University Michigan Expectations Prelim Actual 55 (Forecast 55, Previous 54.6)
University Michigan Condition Prelim Actual 52.4 (Forecast 52, Previous 50.4)
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