Conference Board US Consumer Confidence dropped slightly to 126.5 in December, down from upwardly revised 126.8, missing expectation of 128.0. Present Situation Index rose from 166.6 to 170.0. Expectations Index dropped from 100.3 to 97.4.
“Consumer confidence declined marginally in December, following a slight improvement in November,” said Lynn Franco, Director of Economic Indicators at The Conference Board. “While consumers’ assessment of current conditions improved, their expectations declined, driven primarily by a softening in their short-term outlook regarding jobs and financial prospects. While the economy hasn’t shown signs of further weakening, there is little to suggest that growth, and in particular consumer spending, will gain momentum in early 2020.”
