Banca March | Consumer confidence in the United States disappoints. In January, the index produced by the Conference Board fell more than expected, dropping to 98.3 from 105.3 previously and well below the predicted 102.5. This decline in confidence was mainly explained by the deterioration of expectations, which fell by nearly 10 points to 72.9, reaching its lowest level since April last year. Thus, after closing 2024 with an increase in confidence, US households entered 2025 with a slowdown in economic expectations, which were particularly affected by a deterioration in employment prospects and also a sharp increase in inflation expectations, which rose to 6% over 12 months from 5.2% previously, thus returning to their highest level since May 2023.
Also in the United States, house prices were published which, according to the Case-Shiller CoreLogic index, rose by 0.5% month-on-month to an increase of 4.5% year-on-year, thus maintaining the high dynamism of house prices.
