(CercleFinance.com) – US consumer confidence deteriorated significantly in January, show the final results of the University of Michigan’s monthly survey, published on Friday.
Its confidence index finally came out at 67.2, a level lower than the first estimate of 68.8 and down sharply from the level of 70.6 reached in December.
The component of the judgment of households concerning their current situation also fell, to 72 against 74.2 in December, a deterioration which seems above all linked to the resurgence of the Covid epidemic.
The expectations component deteriorated even more markedly, to 64.1 against 68.3 last month, a decline that the UMich explains by the rise in inflation and the contraction in real wages.
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