News Column

UMich Consumer Sentiment Down in January

January 17, 2014

ICN.com Financial Markets

The University of Michigan's gauge of consumer confidence for January in the preliminary reading declined to 80.4, as it failed to meet expectations that saw a rise to 83.5.

The gauge for economic conditions dropped to 95.2 from 98.6 in December.

The index for economic outlook also dropped, now at 70.9 and down from 72.1 December.

Inflation expectations for 1 year ahead of January remained unchanged at 3.0 percent. However, expectations for inflation for the five years ahead jumped to 2.9 percent from 2.1 percent.

(c) 2014 ICN.COM. ALL RIGHTS RESERVED Provided by Syndigate.info, an Albawaba.com company

Original headline: University of Michigan consumer sentiment fails estimates and declines in Jan.


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Source: (c) 2014 ICN.COM. ALL RIGHTS RESERVED Provided by Syndigate.info, an Albawaba.com company


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