January Consumer Sentiment Ends Weaker
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-- U.S. consumer sentiment finished weaker in January, according to a survey released on Friday.
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WASHINGTON -- Consumer confidence tumbled to its lowest point in nearly 1 1/2 years as a deep housing slump and a credit crunch made people more worried about the country's economic health as well as their own.
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U.S. consumer sentiment rose less than expected in January from December, although worries persisted over sharp declines in the stock market and the housing slump, a survey released on Friday showed.
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The consumer sentiment index slipped to 95.8 from 95.9 in August. Economists were expecting the index would tick up to 96.5. The index will be updated in two weeks to reflect surveys returned throughout September.
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The Dow and Nasdaq slipped on Friday on concerns about consumer spending after an index of consumer sentiment fell to a 16-year low and retailer Best Buy  warned that shopper traffic dropped off after the holidays.
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Treasury yields retested recent lows on Tuesday as a survey of US consumer sentiment proved weaker than expected, encouraging those who hope the Federal Reserve will have to slow the pace of interest rates increases.
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U.S. consumers' mood brightened slightly in January on a more favorable view of the labor market, a survey showed on Tuesday.
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Consumers lured by clearance sales and a fresh assortment of spring clothes gave many of the nation's retailers solid sales in January and hopes for even stronger business in the months ahead. Late-month snowstorms in the Midwest and Northeast depressed results for some merchants, but didn't hurt the industry's overall performance.
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The nation's retailers reported mixed results in January as frigid weather came too late in the month to help merchants clear out winter inventory. But stores' business was boosted by redemption of holiday gift cards.
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The economy lost momentum heading into the new year as shoppers tightened their belts and manufacturers were stung by weak demand for cars and housing-related goods.
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US consumer confidence unexpectedly fell in early January, the first drop in three months, as stocks declined and oil prices crept up, a report yesterday showed.
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U.S. consumer sentiment eased in early January, according to a survey released on Friday.
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U.S. consumer sentiment improved in January, spurred by growing confidence in the labor market, while sales of existing homes hit a record in 2004 but dipped in December, according to surveys published on Tuesday.
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Sales dipped 0.4 percent last month, and consumers may pull back more.
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NEW YORK A new survey says consumer sentiment improved in the first half of December. The subscriber-only University of Michigan &#39;s preliminary index on consumer sentiment for December rose to 95-point-seven from 92-point-eight seen in November.
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US consumer confidence hasdropped to its lowest levels since the middle of the northern summer amid worries about high energy prices, uncertainty about the labor market and anxiety
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Citing weak January sales and a difficult retail environment, the retailer said it also expects fourth-quarter revenue to fall short of expectations.