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U.S. Consumer Confidence Unexpectedly Drops, Hits Four-Month Low

Published 12/22/2020, 10:06 AM
Updated 12/22/2020, 10:27 AM
© Bloomberg. Pedestrians holding hands walk with a Bloomingdale's Inc. shopping bag while in the SoHo neighborhood of New York, U.S., on Monday, Dec. 14, 2020. The U.S. Census Bureau is scheduled to release retail sales figures on December 16. Photographer: Gabby Jones/Bloomberg

© Bloomberg. Pedestrians holding hands walk with a Bloomingdale's Inc. shopping bag while in the SoHo neighborhood of New York, U.S., on Monday, Dec. 14, 2020. The U.S. Census Bureau is scheduled to release retail sales figures on December 16. Photographer: Gabby Jones/Bloomberg

(Bloomberg) -- U.S. consumer confidence unexpectedly fell in December to a four-month low amid surging Covid-19 cases that are spurring more states to tighten restrictions on businesses and travel.

The Conference Board index decreased to 88.6 from a downwardly revised 92.9 reading in November, according to a report from the group Tuesday. That was below all estimates in a Bloomberg survey of economists that had called for 97. The gauge of expectations rose while a measure of sentiment about current conditions fell.

©2020 Bloomberg L.P.

© Bloomberg. Pedestrians holding hands walk with a Bloomingdale's Inc. shopping bag while in the SoHo neighborhood of New York, U.S., on Monday, Dec. 14, 2020. The U.S. Census Bureau is scheduled to release retail sales figures on December 16. Photographer: Gabby Jones/Bloomberg

Latest comments

A case of that pesky Reality ??
When economists are off that far, it’s a pretty good sign they’re just trying to manipulate reality.
Markets “shrug off” another one lol.
They're bracing for the inevitable Bidens remorse. Say goodbye to your tax breaks and 401k's.
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