The Consumer Board Consumer Confidence Index decreased from 128.6 in November to 122.1 in December (1985 = 100).
“The decline in confidence was fueled by a somewhat less optimistic outlook for business and job prospects in the coming months. Consumers’ assessment of current conditions, however, improved moderately. Despite the decline in confidence, consumers’ expectations remain at historically strong levels, suggesting economic growth will continue well into 2018,” stated The Conference Board’s Director of Economic Indicators, Lynn Franco.
The Present Situation Index increased in December to 156.6 from 154.9, and the Expectations Index decreased to 99.1 from 111.0. While optimistic about the present, consumers appear to have become more cautious in December in terms of the outlook for business and jobs.