Consumer Confidence Slips On Concern Over Economy
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.