American Consumers Feeling Less Confident In December, Conference Board Says

FILE - Shoppers manage their bags as they enter a subway turnstile, Nov. 29, 2024, in New York. (AP Photo/Heather Khalifa, File)

American consumers are feeling less confident in December, a business research group says.

The Conference Board said Monday that its consumer confidence index fell back in December to 104.7 from 112.8 in November. Analysts forecast a rise to a reading of 113.8. Consumers had been feeling increasingly confident in recent months.

The consumer confidence index measures both Americans� assessment of current economic conditions and their outlook for the next six months.

The measure of Americans� short-term expectations for income, business and the job market tumbled more than a dozen points to 81.1. The Conference Board says a reading under 80 can signal a potential recession in the near future.

The board reported Monday that consumers� view of current conditions ticked down just more than a point to a reading of 140.2.

(AP)

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