Consumer Spirits: Government Report and Day Shutdown

consumer spirits: The Conference Board, a business research group, said Tuesday that its consumer confidence index fell to 120.2 in January, down from 126.6 in December and the lowest level since July 2017. ; The index measures consumers' assessment of current economic conditions and their expectations for the next six months, according to The Japan Times. Both declined in January. Still, consumer spirits remain robust by historic standards. Consumers' expectations for the future dropped to the lowest point since October 2016. The shutdown is expected to cause slight permanent harm to the economy about 3 billion according to a new government report. The government reopened Monday after the 35-day shutdown, the longest federal closure in U.S. history. (news.financializer.com). As reported in the news.