US consumers mired in Covid gloom, but see better days ahead

Washington (AFP) – US consumers are pessimistic about the state of the economy as it weathers the Covid-19 pandemic’s tough winter months, but see things getting better soon, a survey said Tuesday. The Conference Board reported its January consumer confidence index was at 89.3, increasing slightly more than expected from its 87.1 level in December. “Consumers’ appraisal of present-day conditions weakened further in January, with Covid-19 still the major suppressor,” The Conference Board’s Senior Director of Economic Indicators Lynn Franco said.  “Consumers’ expectations for the economy and job…

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