US consumer confidence dropped unexpectedly in December, falling to 104.7 from 112.8 in November, as concerns about future business conditions grew. While consumer views on the labor market improved, their outlook on business conditions weakened, according to the Conference Board. Economists had forecast a rise to 113.3.
US consumer confidence dropped unexpectedly in December, falling to 104.7 from 112.8 in November, as concerns about future business conditions grew. While consumer views on the labor market improved, their outlook on business conditions weakened, according to the Conference Board. Economists had forecast a rise to 113.3.