Mumbai, Jan. 28 -- The Conference Board released a report on Tuesday unexpectedly showing a significant deterioration in U.S. consumer confidence in the in the month of January.
The Conference Board said its consumer confidence index plummeted to 84.5 in January from an upwardly revised 94.2 in December.
The report said the present situation index, which is based on consumers' assessment of current business and labor market conditions, plunged to 113.7 in January from 123.6 in December.
The expectations index, which is based on consumers' short-term outlook for income, business, and labor market conditions, also tumbled to 65.1 in January from 74.6 in December, the Conference Board said.
The Conference Board noted the expectations slump...