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Analysts surveyed by DailyFX expected that the index would increase from its starting point of 108.3 points in the previous month to 109 points.
Additionally, the index of economic expectations dropped from a revised level of 83.4 points in December to 77.8 points (the original index was 82.4 points).
However, the economic conditions index increased from a revised December reading of 147.4 points to 150.9 points (the original December reading was 147.2 points).
A survey of 5,000 Americans' opinions about their expectations for the future of the economy and their views of the current state of the economy is used by the private analytical firm Conference Board to create a monthly consumer confidence index. More over two thirds of the U.S. GDP comes from consumer spending.
source: dailyfx.com
Additionally, the index of economic expectations dropped from a revised level of 83.4 points in December to 77.8 points (the original index was 82.4 points).
However, the economic conditions index increased from a revised December reading of 147.4 points to 150.9 points (the original December reading was 147.2 points).
A survey of 5,000 Americans' opinions about their expectations for the future of the economy and their views of the current state of the economy is used by the private analytical firm Conference Board to create a monthly consumer confidence index. More over two thirds of the U.S. GDP comes from consumer spending.
source: dailyfx.com
