US consumer sentiment slips in December

(Sharecast News) - US consumer confidence declined by 3.8 points in December to 89.1, according to the Conference Board, with the present situation index plummeting by 9.5 points to 116.8, while the expectations index held steady at 70.7. "Despite an upward revision in November related to the end of the shutdown, consumer confidence fell again in December and remained well below this year's January peak. Four of five components of the overall index fell, while one was at a level signaling notable weakness," said Dana Peterson of the Conference Board.







Reporting by Iain Gilbert at Sharecast.com