Consumer Confidence Down in December
January 6, 2020
U.S. consumer confidence saw a slight dip in December. The Conference Board reported a reading of 126.5 for the month, down from November’s 126.8. While this is a modest decline, it is far below the 128.2 that economists had predicted.
While consumers’ feelings about current economic conditions approved, their expectations for future conditions worsened. Consumers’ feelings about the job market also slightly soured, with 13.1 percent of respondents saying that jobs were “hard to get.”