Reference News Network January 29 report, according to AFP January 27 report, survey data showed on the 27th that American consumer confidence fell to its lowest level since 2014 in January this year, and American families continue to worry about inflation and rising living costs.
The report said that the Conference Board's Consumer Confidence Index dropped to 84.5, down 9.7 from December last year, and American consumers are becoming more cautious about major spending decisions.
The head economist of the institution, Dana Peterson, said: "Consumer confidence collapsed in January this year, and their concerns about the current situation and future expectations have deepened."
She also said that all five sub-indexes of the index deteriorated, bringing the overall index level to its lowest point since May 2014.
The institution's report pointed out that American consumers' view of the current business environment is "almost unable to maintain a positive outlook," and their perception of the employment environment has also worsened.
At the same time, consumers are more pessimistic about some factors affecting the economy.
Peterson said: "Many people still mention prices and inflation, oil and gas prices, as well as food and grocery prices."
She also said: "The number of mentions of tariffs and trade, politics, and the labor market increased this January, while the number of mentions of health/insurance and war slightly increased."
American consumers are increasingly pointing out that they do not plan to spend large sums on consumption in the next six months.
The Conference Board said: "Used cars, furniture, televisions, and smartphones remain the most popular choices for future shopping." (Translated by Yang Xinpeng)
Original: toutiao.com/article/7600757382712508964/
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