CHART: January Consumer Confidence Moderates Following Three Months of Gains

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January Consumer Confidence Moderates Following Three Months of Gains   An analysis by Lynn Franco, Senior Director, Economic Indicators and Surveys     Click on the chart to enlarge   The Conference Board Consumer Confidence Index ® declined in January, following gains in the final three months of 2021. The Index now stands at 113.8 (1985=100), down from 115.2 in December. The Present Situation Index improved, suggesting the economy entered the new year on solid footing. However, expectations about short-term growth prospects weakened, pointing to a likely moderation in growth during the first quarter of 2022. Nevertheless, the proportion of consumers planning to purchase homes, automobiles, and major appliances over the next six months all increased. Meanwhile, concerns about inflation declined for the second straight month, but remain elevated after hitting a 13-year high in November 2021. Concerns about the pandemic increased slightly, amid the ongoing Omicron surge. Looking ahead, both confidence and consumer spending may continue to be challenged by rising prices and the ongoing pandemic. For more information about the latest reading of the Consumer Confidence Index ®, please visit our website.   Stay Informed The Conference Board Economy, Strategy & Finance Chart of the Week . The Conference Board is uniquely positioned to provide the C-Suite with a 360° view of implications for business and insights on what’s ahead related to the  global economy . Visit this page often as new resources are being added to help you effectively and confidently navigate key markets around the world.   Terms Of Use  |  Privacy Policy  |  Trademarks ©2022 The Conference Board Inc. All rights reserved. The Conference Board, 845 Third Avenue, New York, NY 10022