Consumer confidence unexpectedly fell to 52.5 in December from a revised 54.3 in November, as a sluggish U.S. job market prevented consumers from changing their cautious stance toward the economic recovery.
A Bloomberg survey had expected the index to rise to 57.4 in December. The index was at 50.2 in October, 58.6 in September, and 53.5 in August. It hit a record low of 25.3 in April 2009.
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Continue reading Consumer Confidence Shaken by Continued Job Concerns
Consumer Confidence Shaken by Continued Job Concerns originally appeared on DailyFinance on Tue, 28 Dec 2010 11:30:00.
Filed Under: Economy