US Consumer Confidence Pulled Back in December - PR Newswire

Dec 23, 2024 · /PRNewswire/ -- The Conference Board Consumer Confidence Index® declined by 8.1 points in December to 104.7 (1985=100). The Present Situation Index—based on...

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FAQs about US Consumer Confidence Pulled Back in December - PR Newswire Coupon?

How much did the Consumer Confidence Index decline in December?

PRNewswire/ -- The Conference Board Consumer Confidence Index® declined by 8.1 points in December to 104.7 (1985=100). The Present Situation Index—based on... ...

Did consumer confidence rebound in December?

"The recent rebound in consumer confidence was not sustained in December as the Index dropped back to the middle of the range that has prevailed over the past two years," said Dana Peterson, chief economist at The Conference Board. ...

How did Consumer Confidence Index® perform in November?

NEW YORK, Nov. 26, 2024 /PRNewswire/ -- The Conference Board Consumer Confidence Index® increased in November to 111.7 (1985=100), up 2.1 points from 109.6 in October. The Present Situation Index—based on consumers' assessment of current business and labor market conditions—increased by 4.8 points to 140.9. ...

What happened to consumer confidence after the election?

The boost in the mood of U.S. consumers after the election turned out to be short-lived as confidence about the future health of the economy declined in December, The Conference Board said on Monday. The organization’s consumer confidence index showed an 8.1-point decline to 104.7. ...

Why did consumer confidence increase in December?

"December's increase in consumer confidence reflected more positive ratings of current business conditions and job availability, as well as less pessimistic views of business, labor market, and personal income prospects over the next six months," said Dana Peterson, Chief Economist at The Conference Board. ...

Why did consumer confidence drop?

The organization’s consumer confidence index showed an 8.1-point decline to 104.7. Expectations that proposed tariffs on imported goods from the incoming Trump administration will raise prices for consumers appeared to be among the reasons for the drop in confidence. ...