- U.S. consumer sentiment index unexpectedly edges down in early January
Market news
17 January 2020
U.S. consumer sentiment index unexpectedly edges down in early January
A report from the University of Michigan revealed on Friday the preliminary reading for the Reuters/Michigan index of consumer sentiment fell to 99.1 in early January 2020.
Economists had expected the index would stay at a seven-month high of 99.3, which was recorded in December 2019.
According to the report, the index of current U.S. economic conditions rose slightly to 115.8 in January, while the index of consumer expectations inched down to 88.3.
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