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The Conference Board Consumer Confidence Index dips in December

29-Dec-2010 8:49 AM

US Consumer Confidence Index decreased slightly in Dec-2010 and now stands at 52.5 (1985=100), down from 54.3 in Nov-2010, according to The Conference Board. [more]

The Conference Board: "Despite this month's modest decline, consumer confidence is no worse off today than it was a year ago. Consumers' assessment of the current state of the economy and labour market remains tepid, and their outlook remains cautious. Thus, all signs continue to suggest that the economic expansion will continue well into 2011, but that the pace of growth will remain moderate", Lynn Franco, Director of the Consumer Research Centre. Source: The Conference Board, 28-Dec-2010.