The Conference Board's index of consumer confidence rose slightly to 110.3 in January from 110.0. The December figure was revised upward from 109 when it was reported. This is the highest the index has been since March 2002 (110.7) and matches the May 2002 reading.
Consumers saw the present situation as better in January than in December. The present situation index grew to 133.9 from 130.5, the highest since the May 2006 reading (136.2). The increase is owed to the low gas prices in January and the flattering labor market. However, consumers were less optimistic about the future than they were in December. The expectations index fell to 94.5 from 96.3.
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