-
US Consumer Confidence Fell Again in December
The Conference Board Consumer Confidence Index® declined by 3.8 points in December to 89.1 (1985=100), from 92.9 in November. This includes an upward revision to November's reading, as responses collected after the end of the federal government shutdown (which spanned October 1 to November 12) were more positive than those collected during the impasse. The Present Situation Index—based on consumers' assessment of current business and labor market conditions—plummeted by 9.5 points to 116.8 in December. The Expectations Index—based on consumers' short-term outlook for income, business, and labor market ... (full story)