#USConsumerConfidence Consumer sentiment fell for the first time in six months, according to the final January report for the Michigan Consumer Sentiment Index, coming in at 71.1. The index dropped 2.9 points (-3.9%) from December's final reading to 74.0 and is down 10.0% compared to one year ago. The latest reading was lower than the 73.2 forecast.

The Michigan Consumer Sentiment Index is a monthly survey of consumer confidence levels in the U.S. with regards to the economy, personal finances, business conditions, and buying conditions, conducted by the University of Michigan. There are two reports released each month; a preliminary report released mid-month and a final report released at the end of the month.