#USConsumerConfidence As of January 2025, US consumer confidence was down, with the University of Michigan's Index of Consumer Sentiment (ICS) at 71.1. This is a decrease of 3.92% from the previous month.

Explanation

The ICS is based on surveys of a random sample of US households.

The ICS measures consumer sentiment on topics like business conditions and personal finances.

The ICS tends to be low during recessions and high during economic expansion.

Recent trends

In December 2024, the Conference Board's Consumer Confidence Index dropped to 104.7. This was a decline of 8.1 points from the previous month.

In January 2025, the University of Michigan's ICS fell to 73.2, which was below expectations.

In January 2025, consumers' short-term inflation expectations increased to 3.3%, which was the highest level since May 2024