#USConsumerConfidence

According to the final January report for the Michigan Consumer Sentiment Index, US Consumer sentiment fell for the first time in six months, 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.

To put today's report into the larger historical context, since the beginning of our data set (1978), consumer sentiment is 16.0% below its average reading (arithmetic mean) of 84.7 and 14.9% below its geometric mean of 83.6. The current index level is at the 19th percentile of the 565 monthly data points in this series.