US consumer sentiment worsened significantly in January

US consumer sentiment worsened much more than expected in January, according to the Michigan University’s regular monthly survey, whose preliminary results were published on Friday.

The consumer sentiment index stood at 90.7 points in January, after the 98.3 points of December.

Analysts expected a less deteriorating index of 98.3 points.
In January last year, the indicator stood at 95.7 points, so consumer sentiment deteriorated, compared to a year before. (MTI)