World News | US Consumer Confidence Dipped Again in January, According to Conference Board

Washington, Jan 28 (AP) US consumer confidence dipped for the second consecutive month in January, a business research group said Tuesday.

The Conference Board reported that its consumer confidence index retreated this month to 104.1 from 109.5 in December. Analysts had forecast a reading of 105.8.

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December's reading was revised up by 4.8 points but still represented a decline from November.

Consumers had been feeling increasingly confident until the past two months, spending more in the run-up to the all-important holiday shopping season.

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The consumer confidence index measures both Americans' assessment of current economic conditions and their outlook for the next six months. (AP)

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