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Economics

U.S. Consumer Confidence Fell in January on Dimmer Expectations

  • Conference Board’s index eased to 113.8 from 115.2 in December
  • Outlook for economy, labor market weakened; buying plans firm
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U.S. consumer confidence fell in January for the first time in four months as Americans’ views about the outlook for the economy and labor market cooled.

The Conference Board’s index decreased to 113.8 from a downwardly revised 115.2 reading in December, according to the group’s report Tuesday. Economists in a Bloomberg survey had called for a reading of 111.2.