US consumer confidence weakened further in December, with The Conference Board’s index falling 3.8 points to 89.1, despite an upward revision to November after the federal shutdown ended.
The slide was driven by a sharp drop in current condition assessments, while expectations stayed subdued at 70.7, below the recession-warning threshold for an eleventh straight month.
The slide was driven by a sharp drop in current condition assessments, while expectations stayed subdued at 70.7, below the recession-warning threshold for an eleventh straight month.