U.S. Economic Indicators

The University of Michigan Consumer Sentiment Index rose 0.5 points to 99.8 in the final January reading and is up 8.6 points from January of last year. The Index of Consumer Expectations rose 1.6 points to 90.5, while the Current Economic Conditions Index fell 1.1 points to 114.4. University of Michigan

Real disposable personal income declined 0.1% in December, while real personal consumption expenditures (PCE) ticked up 0.1%. The PCE price index rose 0.3% (up 1.6% Y/Y), and the core price index rose 0.2% (up 1.6% Y/Y). BEA Report

U.S. News

The Wall Street Journal reports that eurozone economic growth slowed to a six-year low in 2019, reflecting both near-term weakness in the auto manufacturing sector and longer-term issues stemming from an aging population and a lack of high-growth sectors. Although the manufacturing sector is expected to steady this year as global demand gradually improves, the slump may continue or worsen depending on developments in E.U-U.S. and E.U.-U.K. trade relationships. WSJ