31 January 2023
Analysts expected The Conference Board’s Confidence survey to improve marginally in January with the present situation holding remarkably strong given the chaos seen everywhere else in the US economy. The actual print disappointed expectations (107.1 vs 109.0 exp), hurt by a slip in Expectations (from 83.4 to 77.8) as Present Situation rose (from 147.4 to 150.0). The Present Situation is at the highest since April 2022…