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- U.S. consumer sentiment falls less than expected
U.S. consumer sentiment falls less than expected
The final reading for the January Reuters/Michigan index of consumer sentiment came in at 91.2 compared to a preliminary reading of 90.7 and the December final reading of 98.3. Economists had forecast the index to be revised upwardly to 90.8.
The report noted the consumer sentiment remained at month-end at its lowest level since Trump was elected. The end of the shutdown caused only a modest boost in the index.
According to the report, the index of the current economic conditions fell to 108.8 from December's final reading of 116.1.
Meanwhile, the index of consumer expectations decreased to 79.9 from December’s final reading of 87.0.
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