US Consumer Sentiment Falls Slightly In January

The preliminary reading of the University of Michigan's consumer sentiment for the United States edged down to 98.1 in January of 2017 from a 13-year high of 98.2 in the previous month and lower than market forecasts of 98.5. Future expectations declined and inflationary pressures jumped.

The gauge of future expectations fell to 88.9 from 89.5 in December while the barometer for current economic conditions rose to 112.5 from 111.9, reaching the highest since 2004.

Americans expect the inflation rate to be 2.6 percent next year, compared with 2.2 percent in December and 2.5 percent over the next 5 years, higher than 2.3 percent the previous month.

University of Michigan | Joana Taborda |
1/13/2017 3:09:47 PM