US December consumer confidence 104.7 vs 113.3 expected | Forexlive

• Prior was 111.7 (revised to 112.8)
• Present Situation Index 145.2 vs. 140.9 prior
• Expectations Index 81.1 vs 92.3 prior
• 12-month inflation expectations 5.0% vs 4.9% prior

This is a big disappointment and lands at the peak of shopping season.

“The recent rebound in consumer confidence was not sustained in December
as the Index dropped back to the middle of the range that has prevailed
over the past two years,” said Dana M. Peterson, Chief Economist
at The Conference Board. “While weaker consumer assessments of the
present situation and expectations contributed to the decline, the
expectations component saw the sharpest drop. Consumer views of current
labor market conditions continued to improve, consistent with recent
jobs and unemployment data, but their assessment of business conditions
weakened. Compared to last month, consumers in December were
substantially less optimistic about future business conditions and
incomes. Moreover, pessimism about future employment prospects returned
after cautious optimism prevailed in October and November.”