December 2018 Conference Board Consumer Confidence Again Declined

The latest Conference Board Consumer Confidence Index's headline number is 128.1 (1985=100), down from 135.7 in November.

Analyst Opinion of Conference Board Consumer Confidence

Consumer confidence has been on a multi-year upswing. The softening this month and last is predicted to be the beginning of a downtrend - and is showing a growing uncertainty by consumers.

The consensus range from Econoday was 131.0 to 135.6 (consensus 134.0). This month's index is based on data collected through 13 December 2018.

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Per Lynn Franco, Director of Economic Indicators at The Conference Board:

Consumer Confidence decreased in December, following a moderate decline in November. Expectations regarding job prospects and business conditions weakened, but still suggest that the economy will continue expanding at a solid pace in the short-term. While consumers are ending 2018 on a strong note, back-to-back declines in Expectations are reflective of an increasing concern that the pace of economic growth will begin moderating in the first half of 2019.

Analysis from Econoday:

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