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US consumer confidence dips in December

Date Published:
Author: CMLviz News

New tariffs on alcholic spirits are now a concern, or at least a topic of conversation.  This will impact more than 400 family owned businesses.


U.S. consumer confidence dipped slightly in December, according to data released by The Conference Board on Tuesday. The metric came in at 126.5 for the month, down from 126.8 in November. Economists polled by Reuters expected a reading of 128.2 for December.


The Conference Board also announced an upward revision to November's reading.


The percentage of consumers judging that business conditions are “good” remained virtually unchanged at 38.7%, while those claiming that conditions were “bad” decreased to 11.1% from 13.6%. Perceptions of the labor market were mixed, however, as the percentage of people saying jobs were “plentiful” and the percentage saying jobs were “hard to get” both slightly increased to 47% and 13.1%, respectively.

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