Please ensure Javascript is enabled for purposes of website accessibility
US Consumer Confidence Ticked Down in December
gvw_ap_news
By Associated Press
Published 4 years ago on
December 31, 2019

Share

BALTIMORE — U.S. consumer confidence slipped ever so slightly in December, as expectations fell about economic growth over the next six months.
The Conference Board said Tuesday that its consumer confidence index edged down to 126.5 from November’s reading of 126.8. Americans felt largely confident about business conditions this month amid the holiday shopping season, yet their confidence wavered somewhat regarding job availability and income growth for the first half of 2020.
The reading of consumer sentiment points to continued economic expansion, but not much of an improvement given the 3.5% unemployment rate that is near historic lows.

Photo of a shopper
FILE – In this Dec. 16, 2019, file photo a shopper walks in front of sales signs in Santa Clarita, Calif. On Tuesday, Dec. 31, the Conference Board reports on U.S. consumer confidence for December. (AP Photo/Marcio Jose Sanchez, File)

Consumers Account for Roughly 70% of Economic Activity

“While the economy hasn’t shown signs of further weakening, there is little to suggest that growth, and in particular consumer spending, will gain momentum in early 2020.” — Conference Board economist Lynn Franco
“While the economy hasn’t shown signs of further weakening, there is little to suggest that growth, and in particular consumer spending, will gain momentum in early 2020,” said Conference Board economist Lynn Franco said.
Consumers account for roughly 70% of economic activity, so their sentiments about growth can be a key indicator about where the U.S. economy is headed.
Retail sales during the holiday season increased 3.4% from a year ago, according to early data from Mastercard SpendingPulse. But the gains largely came from online shopping, a reflection of how consumer tastes are also changing as fewer people feel the need to browse stores and malls.

DON'T MISS

Lauryn Hill, Tyla and More Will Perform at the 2024 BET Awards. Here’s What to Know About the Show

DON'T MISS

From Globe Trotting to Globe Tripping: Why Psychedelic Vacations Are on Trend

DON'T MISS

Find Out Which Lobbying Groups Get Their Way Most Often in the California Legislature

DON'T MISS

Here’s Why Ukraine Should Seek Peace

DON'T MISS

Fresno County Gets National Recognition for Poverello House Project

DON'T MISS

You Don’t Think Corn Dogs Are Haute Cuisine? These Chefs, Using Alligator Sausage, Beg to Differ.

DON'T MISS

Investigators Have Name & Face for Suspected Arsonist Who Left Notes at Fresno Homes

DON'T MISS

Gavin Newsom and Top Democrats Are Deciding California’s Budget Behind Closed Doors

DON'T MISS

Fresno State Is 1 of Carnegie Foundation’s 25 Leadership for Public Purpose Colleges

DON'T MISS

As the Flag Drops at Le Mans, Remembering the 3 Americans Who Won in 1978

UP NEXT

Tyson Foods Heir Suspended as CFO After Second Alcohol-Related Arrest

UP NEXT

Supreme Court, Siding With Starbucks, Makes It Harder for NLRB to Win Court Orders in Labor Disputes

UP NEXT

US Reporter Evan Gershkovich, Jailed in Russia on Espionage Charges, to Stand Trial, Officials Say

UP NEXT

Supreme Court Rules California Man Can’t Trademark ‘Trump Too Small’

UP NEXT

Drunk Driver Gets 15 Years to Life for Deadly Fresno Taco Truck Crash

UP NEXT

Rep. Costa Blasts GOP House For Holding AG Merrick Garland in Contempt

UP NEXT

AP Sources: 8 Individuals Possibly Linked to Islamic State Arrested in US

UP NEXT

NBA Legend and Logo Jerry West Dies at 86

UP NEXT

Shaver Lake Drowning Victim Identified by Sheriff’s Office

UP NEXT

Cold Stone Creamery Could Shell out Cash for Not Putting Pistachios in Pistachio Ice Cream

Here’s Why Ukraine Should Seek Peace

12 hours ago

Fresno County Gets National Recognition for Poverello House Project

12 hours ago

You Don’t Think Corn Dogs Are Haute Cuisine? These Chefs, Using Alligator Sausage, Beg to Differ.

12 hours ago

Investigators Have Name & Face for Suspected Arsonist Who Left Notes at Fresno Homes

1 day ago

Gavin Newsom and Top Democrats Are Deciding California’s Budget Behind Closed Doors

1 day ago

Fresno State Is 1 of Carnegie Foundation’s 25 Leadership for Public Purpose Colleges

1 day ago

As the Flag Drops at Le Mans, Remembering the 3 Americans Who Won in 1978

1 day ago

Paw-sitively Spikey: The Rise of a Supermutt!

1 day ago

Supreme Court Deals Blow to Environmental Law Relied on by Housing Opponents

1 day ago

The Latest | Hezbollah Says Its Intensified Attacks Show Israel That All-out War Would Be Costly

1 day ago

Lauryn Hill, Tyla and More Will Perform at the 2024 BET Awards. Here’s What to Know About the Show

NEW YORK — The 2024 BET Awards are fast approaching. Last year’s show celebrated 50 years of hip-hop with tributes to the genre’s earl...

10 hours ago

10 hours ago

Lauryn Hill, Tyla and More Will Perform at the 2024 BET Awards. Here’s What to Know About the Show

12 hours ago

From Globe Trotting to Globe Tripping: Why Psychedelic Vacations Are on Trend

12 hours ago

Find Out Which Lobbying Groups Get Their Way Most Often in the California Legislature

12 hours ago

Here’s Why Ukraine Should Seek Peace

12 hours ago

Fresno County Gets National Recognition for Poverello House Project

12 hours ago

You Don’t Think Corn Dogs Are Haute Cuisine? These Chefs, Using Alligator Sausage, Beg to Differ.

1 day ago

Investigators Have Name & Face for Suspected Arsonist Who Left Notes at Fresno Homes

1 day ago

Gavin Newsom and Top Democrats Are Deciding California’s Budget Behind Closed Doors

MENU

CONNECT WITH US

Search

Send this to a friend