US Conference Board's Consumer Confidence Slide

Us Consumer Confidence came worse than expected in January. Its came in at new all time low at 37.7 following December upwardly revised 38.6 which was the previous all time low. Market experts were expected to come at 39. Present Component fell to 29.9 from 30.2 and Expectation Component declined to 43 from 44.2. Those anticipating business conditions to worsen over the next six months fell to 31.1% from 32.9%, while those expecting conditions to improve declined to 13.3% from 13.4% in November.