Consumer Confidence Drops In January, Likely Due To Government Shutdown

Jan. 29, 2019

According to the Conference Board Consumer Confidence Index, consumers are feeling a bit less confident about the economy this month. Overall, the index dropped 6.6 points from December 2018 to 120.2 in January.  This number is based on current and expected economic conditions such as labor and business conditions.

The current market and job conditions are assessed as favorable, changing little from December to January. However consumer expectations of the short-term outlook declined from 97.7 to 87.3 this month. A Senior Director of Economic Indicators at The Conference Board indicated that events such as government shutdowns tend to have this kind of sharp impact on consumer confidence, however it is temporary. The decline in January is likely a result of the shutdown and not a sign of a significant decrease in spending for the coming months.

Full report. 

Related

OCI Infographic 0918 5bb621a6d6fb4
Micro Market

Micro Market Confidence Peaks In Q3 2018

Oct. 4, 2018
The stellar performance of micro markets has pushed the operator confidence index to the highest level possible: 5.0. Opportunities for mini and mobile markets are contributing...
conferenceboard 5a4675589b115
Management

The Conference Board Consumer Confidence Index Declined

Dec. 29, 2017
NEW YORK, Dec. 27, 2017 /PRNewswire/ -- The Conference Board Consumer Confidence Index® decreased in December, following a modest improvement in November. The Index now stands...
up arrow air 985548 1920 59f9f5ff7ec63
Management

Confidence Increased To Its Highest Level In Almost 17 Years

Nov. 1, 2017
The Conference Board Consumer Confidence Index®, which had improved marginally in September (an upward revision), increased again in October. The Index now stands at 125.9 (1985...
Consumerresearchcallsforchange 10273352
Home

Consumer Research Calls For Change

Jan. 9, 2007
Harris Interactive survey reveals customers are largely unaware of healthy product initiatives and technology in vending.

ID 148232917 © Tang90246 | Dreamstime.com
Photo 88890253 | Acquisition © Encho Enevski | Dreamstime.com
Apex Restaurant & Market Solutions