Consumer Confidence Slips in January

NEW YORK-After two consecutive months of significant gains, the consumer confidence index ebbed slightly in January to 61.1, 3.7 points off its December reading.

The biggest factor in the decline, according to The Conference Board, which compiles the monthly indicator, was an 8.1-point drop in the present situations index to 38.4. The other of the two component indexes, expectations, edged down 0.8 point to 76.2.

The consumers who responded to the board's monthly survey gave less positive opinions about the current state of business and the jobs market than they had in December. Looking down the road, the participating consumers were more positive about employment but less so about business conditions and their income prospects.

Lynn Franco, director of The Conference Board's Consumer Research Center, said, "Recent increases in gasoline prices may have consumers feeling a little less confident this month." Consumers' assessment of current business and labor-market conditions slipped back to November levels, but the percentages of those anticipating more jobs in the months ahead increased, Franco said.

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.

Videos

  • Patti Carpenter Talks Color and its Importance in the Home

    Camera Icon   More Videos

Subscribe to
HFN Omnichannel
Receive the news you need to know about the trends in the industry delivered right to your inbox.

Current Issue

  • HFN August 2017 cover

    HFN's DIGITAL EDITION

    August 2017


    COVER STORY: Sharpening the Focus on Millennials

    Find out what makes Millennials tick when it comes to home decorating, shopping and at-home entertaining with HFN's annual consumer study. Turns out, Millennials favor the in-store shopping experience.


    ALSO IN THIS ISSUE:

    • Power of the People - Crowdfunding campaigns provide needed capital, feedback for home and housewares product launches.
    •  Omnichannel Retailing: Visual Search Takes Off - Learn how voice and visual search are revolutionizing product discovery.