Conference Board US Consumer Confidence rose to 131.6 in January, up from 126.5, beat expectation of 128.2. Present Situation Index rose from 170.5 to 175.3. Expectations Index rose from 100.0 to 102.5.
“Consumer confidence increased in January, following a moderate advance in December, driven primarily by a more positive assessment of the current job market and increased optimism about future job prospects,” said Lynn Franco, Senior Director, Economic Indicators, at The Conference Board.
“Optimism about the labor market should continue to support confidence in the short-term and, as a result, consumers will continue driving growth and prevent the economy from slowing in early 2020.”
