U.S. consumer confidence retreats

The University of Michigan’s Index of Consumer Sentiment is one of two monthly U.S. consumer sentiment indices, the other being the Conference Board’s Consumer Confidence Survey. It covers personal finances, business conditions and buying conditions. The latest survey indicates U.S. consumers think current economic conditions were less favourable in January than at the time of the previous survey in December. However, the deterioration was small and related to current conditions,...

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