Consumer Sentiment Dips in Early January
Ann Arbor, MI, Jan. 17, 2014 -- Consumer sentiment edged down in January, according to the University of Michigan/Thomson Reuters survey.
The measure of sentiment fell to a reading of 80.4 from 82.5 in December, just below the 84 expected by economists.
"Upper-income households benefited from continued strong gains in income as well as increases in stock and home values," survey director Richard Curtin said in a press release.
"Low- and middle-income households were mainly concerned about lackluster growth in employment and income, and anticipated less improvement in long-term prospects for the economy."