US consumer confidence dips again to start the year

U.S. consumer confidence fell for the second month in a row in January, dropping to 104.1 from 109.5 in December, below economists’ expectations.

The decline reflected a weaker outlook on current economic conditions and the labor market.

Despite this, consumer spending remained strong, with retail sales rising 0.4% in December.

The proportion of consumers expecting a recession stayed low, but there are signs of rising credit card balances and delinquencies, the Associated Press has reported.

read more: https://apnews.com/article/consumer-confidence-conference-board-spending-economy-31aab08b4281d3d23961c5c25fef6cca

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