Updated: 27-Dec-18 10:18 ET
| December Consumer Confidence |
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| Updated: 27-Dec-18 10:18 ET |
Highlights
- The Conference Board's Consumer Confidence Index decreased to 128.1 in December (Briefing.com consensus 133.7) from a revised 136.4 (from 135.7) in November.
Key Factors
- The Present Situation Index decreased to 171.6 from 172.7 as fewer consumers described business conditions as "good." The view of the labor market did not change much relative to the November survey.
- The Expectations Index decreased to 99.1 from 112.3 as fewer consumers expressed belief that business conditions will improve over the next six months. Consumers also had less favorable expectations for the labor market in the near future.
Big Picture
- The key takeaway from the report is that consecutive declines in the Expectations Index point to a growing belief that the pace of economic growth will decelerate in the first half of 2019.
| Category | DEC | NOV | OCT | SEP | AUG |
| Conference Board | 128.1 | 136.4 | 137.9 | 135.3 | 134.7 |
| Expectations | 99.1 | 112.3 | 115.1 | 112.5 | 109.3 |
| Present Situation | 171.6 | 172.7 | 171.9 | 169.4 | 172.8 |
| Employment ('plentiful' less 'hard to get') | 34.6 | 34.2 | 32.0 | 30.0 | 30.2 |
| 1 yr inflation expectations | 4.3% | 4.7% | 4.8% | 4.7% | 4.7% |