US Conference Board consumer confidence dropped to 128.1 in December, down from 136.4 and missed expectation of 133.0.
Lynn Franco, Senior Director of Economic Indicators at The Conference Board noted in the release that
- Consumer Confidence decreased in December, following a moderate decline in November.
- Expectations regarding job prospects and business conditions weakened, but still suggest that the economy will continue expanding at a solid pace in the short-term.
- While consumers are ending 2018 on a strong note, back-to-back declines in Expectations are reflective of an increasing concern that the pace of economic growth will begin moderating in the first half of 2019.
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