US CB Consumer Confidence (Jan) 84.5 vs exp. 90.9 (prev. 89.1)

Consumers' views of current business conditions worsened in January.

• 17.9% of consumers said business conditions were "good," down from 19.8% in December.
• 17.8% said business conditions were "bad," up slightly from 17.6%.

Consumers' views of the labor market were also weaker in January.

• 23.9% of consumers said jobs were "plentiful," down from 27.5% in December.
• 20.8% of consumers said jobs were "hard to get," up from 19.1%.

Expectations Six Months Hence  Consumers were more pessimistic about future business conditions in January.

• 15.6% of consumers expected business conditions to improve, down from 18.7% in December.
• 22.9% expected business conditions to worsen, up from 21.3%.

Consumers were also more concerned about the labor market outlook in January.

• 13.9% of consumers expected more jobs to be available, down from 17.4% in December.
• 28.5% anticipated fewer jobs, up from 26.0%.

Consumers' outlook for their income prospects was less positive in January.

• 15.7% of consumers expected their incomes to increase, down from 18.8% in December.
• However, 12.6% expected their incomes to decline, down from 13.0%.