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The Consumer Confidence Index continues its downward trend this month following a record-setting low in December, The Conference Board, a research organization, announced today. The January index stands at 37.7, down from 38.6 in December. The baseline for the index is 100. Research company TNS conducts the monthly Consumer Confidence survey of 5,000 randomly selected U.S. households. The cutoff date for this month's survey was Jan. 21. The percentage of respondents this month that said business conditions are "bad" increased to 47.9% from 45.8% that said so in December. Some 6.4% of consumers said business conditions are "good," down from 7.7% last month. Some positive signs also emerged from this month's survey. Respondents anticipating business conditions to worsen during the next six months decreased to 31.1% this month from 32.9% in December, while those anticipating conditions to improve remained relatively unchanged at 13.3% from 13.4%. The percentage of consumers anticipating fewer jobs in the months ahead decreased to 36.7% from 40.6%, while those expecting more jobs decreased to 9.4% from 9.8%. The percentage of consumers that said jobs are "hard to get" decreased to 41.1% this month from 41.5% in December, while those who said jobs are "plentiful" increased to 7.2% from 6.5%, according to the survey.

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