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The surveys' preliminary January reading on the overall consumer sentiment slipped to 72.7, below 74.5 in December.
The Conference Board reported Tuesday that the preliminary January figure for consumer confidence in the United States had plunged to its lowest level in more than a year, with a decline in expectations leading the way.
He told Forbes that the 1.1% preliminary January rate came in slightly below his forecast of 1.2%, but that despite the extra pressure on the European Central Bank to cut interest rates, it would likely hold them at 2.0% in February.
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A preliminary November reading of the index was 72.
The university's preliminary July sentiment index rose to 90.3 from 89.7 last month.
The preliminary December figure was 85.8, and the revision exceeded analysts' expectations.
The preliminary February reading for the overall index on consumer sentiment came in at 75.1, up from 74.2 in January.
The University of Michigan's preliminary November consumer sentiment index rose to 85.0 from a nine-year low of 80.6 in October.
The preliminary August number crept up to 61.7 from 61.2 in July, hovering at about the level economists had expected.
In the preliminary September results, released this week, 12.2percentthoughtht jobs were plentiful and 32.8percentthoughththeyey were hard to get.
Does this spell "recession?" Early signal: the preliminary December index of consumer sentiment fell to 74.5 from 76.1.
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CEO of Professional Science Editing for Scientists @ prosciediting.com