An index of U.S. consumer confidence in December fell on concern about employment in the present and the future, the Conference Board reported Tuesday.
The confidence fell to a reading of 52.5 in December, from an upward correction of 54.3 November. A previous estimate in November to reach 54.1 for the self-confidence.
"Consumer evaluation of the current state of the economy and job market remains tepid, and the outlook remains cautious," Lynn Franco, director of the Consumer Research Center said in a conference room statement.
He added that show signs of further economic expansion next year, but that "the pace of growth will remain moderate."
Analysts surveyed by Dow Jones had expected confidence to live up to 56.9, from consumers, the lower initial requests welcomed on unemployment benefits, as seen recently, and the adoption of a tax of great importance.
"It is a low ratio, and whether its assessment of consumer sentiment is correct, this could be a sign of a bitter personal spending in the future be," said Millan Mulraine, economic strategist with TD Securities in a note research.
A separate gauge how consumers feel that their feelings had estimated in December rose, reaching the highest level in six months, but still relatively little concern about stagnant incomes. To learn more about feelings.
Details
A barometer of consumer confidence fell to 71.9 from 73.6 in December in November, after the Conference Board.
The proportion of respondents expect fewer jobs in six months rose to 19.5% in December from 19.1% in November, while those expecting more jobs fell to 14.3% available to 15 1%. Most consumers expect the same number of jobs.
One indicator of consumer assessment of the current situation fell to 23.5 from 25.4 in December in November. These jobs are known as "large" fell to 3.9% in December from 4.3% in November, with most respondents said the work "is not as abundant" or "hard to get."
In this context, consumers have been spending their revaluation plans. Who is a car within six months of purchase plan was to 4.5% in December from 5.6% in November, while plans for equipment purchase fell by 25% compared to 25.2%. These are considering buying a home rose to 1.8% from 1.7%.
The Conference Board index help analysts compare fluctuations in confidence, with a reading of 100 for the base year 1985. Usually when the economy is growing, reliable measurements are 90 and above.
The confidence fell to a reading of 52.5 in December, from an upward correction of 54.3 November. A previous estimate in November to reach 54.1 for the self-confidence.
"Consumer evaluation of the current state of the economy and job market remains tepid, and the outlook remains cautious," Lynn Franco, director of the Consumer Research Center said in a conference room statement.
He added that show signs of further economic expansion next year, but that "the pace of growth will remain moderate."
Analysts surveyed by Dow Jones had expected confidence to live up to 56.9, from consumers, the lower initial requests welcomed on unemployment benefits, as seen recently, and the adoption of a tax of great importance.
"It is a low ratio, and whether its assessment of consumer sentiment is correct, this could be a sign of a bitter personal spending in the future be," said Millan Mulraine, economic strategist with TD Securities in a note research.
A separate gauge how consumers feel that their feelings had estimated in December rose, reaching the highest level in six months, but still relatively little concern about stagnant incomes. To learn more about feelings.
Details
A barometer of consumer confidence fell to 71.9 from 73.6 in December in November, after the Conference Board.
The proportion of respondents expect fewer jobs in six months rose to 19.5% in December from 19.1% in November, while those expecting more jobs fell to 14.3% available to 15 1%. Most consumers expect the same number of jobs.
One indicator of consumer assessment of the current situation fell to 23.5 from 25.4 in December in November. These jobs are known as "large" fell to 3.9% in December from 4.3% in November, with most respondents said the work "is not as abundant" or "hard to get."
In this context, consumers have been spending their revaluation plans. Who is a car within six months of purchase plan was to 4.5% in December from 5.6% in November, while plans for equipment purchase fell by 25% compared to 25.2%. These are considering buying a home rose to 1.8% from 1.7%.
The Conference Board index help analysts compare fluctuations in confidence, with a reading of 100 for the base year 1985. Usually when the economy is growing, reliable measurements are 90 and above.
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