Consumer Confidence

The composite “RBC CASH Index,” measuring consumer confidence, stands at 13.3 for January, 2.9 points below November, and a six-year low. The “RBC Jobs Index” saw an incremental drop of nearly 4 points in January to 61.8, compared to 65.6 last month, and a new all-time low. The “RBC Current Conditions Index” dropped to another all-time low in January and currently stands at 8.7, compared to 16.5 last month. The “RBC Investment Index” currently stands at 22.5, down from 31.0 in December. However, the “RBC Expectations Index” was the one bright spot, actually improving in January to -11.3 from -21.2. RBC says a lack of decisive action and some quick results by the incoming Obama administration could negatively affect the economic confidence of the American public, causing it to sink yet further.



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