Search This Blog

Wednesday, January 30, 2013

Consumer Confidence Takes a Hit in January

Consumer confidence declined sharply in January and erased all the gains made in 2012, the Conference Board reported. The Consumer Confidence Index dropped from 66.7 to 58.6. The Conference Board said consumers are more pessimistic about the economic outlook and their financial situation and cited the increase in payroll taxes as a contributing factor.


--ICBA

No comments:

Post a Comment