Consumer confidence unexpectedly fell in January, declining to a preliminary reading of 72.7 from a final December level of 74.5 in a University of Michigan survey, according to market sources.

Economists predicted a rise to 75.4.

Consumer expectations of future conditions rose to 68.2 in January from 67.5 in December, but their perception of current conditions fell to 79.8 from 85.3.

The final December reading of 74.5 was revised upward from an initial 74.2.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.