PxPixel
Consumer confidence rises in January - Trade Only Today

Consumer confidence rises in January

Author:
Publish date:

The Conference Board Consumer Confidence Index, which had increased in December, improved further in January.

The index now stands at 55.9, up from 53.6 in December. The Present Situation Index increased to 25 from 20.2, and the Expectations Index increased to 76.5 from 75.9.

"Consumer Confidence rose for the third consecutive month, primarily the result of an improvement in present-day conditions," said Lynn Franco, director of The Conference Board Consumer Research Center, in a statement.

"Consumers' short-term outlook, while moderately more positive, does not suggest any significant pickup in activity in the coming months," Franco added. "Regarding their financial situation, while consumers were less dire about their income prospects than in December, the number of pessimists continues to outnumber the optimists."

Click here for the full release.

Related

New boat sales relatively flat in June

New boat sales in June grew marginally, with a 1.1 percent rise in the main powerboat categories and just 0.2 percent growth overall, according to preliminary data from Statistical Surveys Inc., a Michigan firm that tracks registrations.

Mazu releases new sportfishing app

Technology and satellite communications company Mazu has launched a sportfishing app that seeks to give anglers weather and sea state information, and provide powerful communications capabilities via satellite.