Con­sumer Con­fi­dence Slips On Con­cern Over Econ­omy

The Bond Buyer - - Market News - — Gary E. Siegel

The con­sumer con­fi­dence in­dex de­creased to 128.1 in De­cem­ber from an up­wardly re­vised 136.4 last month, The Con­fer­ence Board re­ported Thurs­day.

IFR Mar­kets pre­dicted a 133.7 read­ing for the in­dex.

The present sit­u­a­tion in­dex slid to 171.6 from an un­re­vised 172.7, while the ex­pec­ta­tions in­dex fell to 99.1 from a re­vised 112.3.

The drop in ex­pec­ta­tions, the sec­ond in a row, is “re­flec­tive of an in­creas­ing con­cern that the pace of eco­nomic growth will be­gin moder­at­ing in the first half of 2019,” said Lynn Franco, direc­tor of eco­nomic in­di­ca­tors for The Con­fer­ence Board.

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