Consumer confidence fell in January, and now stands at 61.1, almost 4 points below December’s level, but still its second highest level in eight months.
The present situation index fell by 8 points, much more than the expectations index, which fell by less than one point. Have consumers lost their faith? It is more likely, given the contast in view between present and future expectations, that they feel the recovery is proceeding too slowly, and that although they think things will get better, they don’t yet feel that improvement.
