U.S. Consumer Sentiment Moves Lower in Early January

According to the latest (1/15/21) University of Michigan’s Consumer Sentiment Survey U.S. consumer sentiment declined in early January to a reading of 79.2 down from December’s final reading of 80.7. Further details of the publication revealed that the Current Economic Conditions Index declined to 87.7 from 90 and the Index of Consumer Expectations edged lower to 73.8 from 74.6. University of Michigan Surveys of Consumers Chief Economist Richard Curtin said in a statement, “Consumer sentiment posted trivial declines in early January despite the horrendous rise in Covid-19 deaths, the insurrection, and the impeachment of Trump.”