The consumer confidence took a massive downturn in the US during the lock-down months  in spring last year, but it reversed back up in summer and in September and October the CB consumer confidence indicator moved above 100 points. Although it was still far from the pre-coronavirus levels. in November and December this indicator dived again, as the restrictions increased in the US, but today’s report showed a slight improvement, which is a positive thing.

US January Conference Board Consumer Confidence Report

• January Conference Board consumer confidence 89.3 points vs 89.0 expected
• Prior was 88.6 (revised to 87.1)
• Present situation 84.4 vs 90.3 prior
• Expectations 92.5 vs 87.5 prior
• 1 year inflation expectations 5.8% vs 6.0% prior
• Jobs hard-to-get 23.8 vs 22.9 prior