Consumer sentiment in the US deteriorated in January, with the Conference Board's (CB) Consumer Confidence Index declining to 104.1 from 109.5 in December. In this period, the Present Situation Index fell by 9.7 points to 134.3 and the Expectations Index dropped to 83.9.

Confidence among U.S. consumers weakened for a second-straight month, reflecting retreating optimism of both current and future conditions.

US consumer confidence suddenly dropped in January to a four-month low thanks in part to renewed pessimism about the labor market and the outlook for the broader economy. Complaints that jobs are harder to get are up while expectations that wages will rise are down—as is the number of people saying business conditions are good.

The Conference Board reported that its consumer confidence index retreated this month to 104.1, from 109.5 in December. That is worse than the economist projections for a reading of 105.8. December's reading was revised up by 4.

U.S. consumer confidence weakened for a second straight month in January amid renewed concerns about the labor market and inflation. The Conference Board said on Tuesday its consumer confidence index fell to 104.