Summary
- The U.S. December Consumer Confidence Index fell to 104.7, falling short of expectations.
- This is significantly below the 112.9 anticipated by the Wall Street Journal.
- The Consumer Confidence Index provides an important signal to investors by reflecting consumer expectations for the future economy.
The United States' consumer confidence in December fell short of expectations.
On the 23rd (local time), the Conference Board (CB) announced that the U.S. Consumer Confidence Index for December recorded 104.7. This figure is below the 112.9 anticipated by the Wall Street Journal and others.
Consumer confidence tends to signal whether the economy is improving or worsening, reflecting consumers' expectations for the future economy.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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