January 28, 2025 15:15 GMT
US DATA: Consumer Sentiment Slips In January With Softer Jobs Perceptions
US DATA
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- The Conference Board consumer survey saw confidence disappoint in January at 104.1 (cons 105.9) after an upward revised 109.5 (initial 104.7) for its lowest since September
- Declines were seen in both main categories, also to their lowest since September, but were most pronounced for the present situation.
- Present situation: 134.3 after an upward revised 144.0 (initial 140.2).
- Expectations: 83.9 after an upward revised 86.5 (initial 81.1).
- Within the details, the closely watched labor market differential gave back some of its recent gains as it fell from 22.2 (highest since May) to 16.2 (technically lowest since Sept).
- The perception of jobs plentiful fell from 37% to 33% vs the 46% averaged in 2019 or 40% through 2017-19.
- By rising again, the differential points to some further trend increases in the unemployment rate although it shouldn’t be used as a month-to-month guide.
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