According to data from the Bloomberg Consumer Comfort Index, consumers' expectations for U.S. economy increased to 47.0 in January from 43.5 in December. It was the highest level since June 2015.

The rise was driven by a more favourable assessment of the measure of views of the economy.

According to data from the Bloomberg Consumer Comfort Index, consumers' expectations for U.S. economy fell to 44.0 in in the week ended January 17 from 44.4 the prior week.

The weekly drop was driven by declines in all sub-indexes. The measure of views of the economy declined to 37.7 from 38.0, the buying climate index was down to 39.2 from 39.4, while the personal finances index fell to 55.0 from 55.9.