Consumer Confidence Slides in December

Back-to-back declines in key indices suggest moderating growth ahead, according to latest data from The Conference Board.

The Conference Board said its Consumer Confidence Index declined in December following a modest decline in November, registering 128.1 compared to 136.4.

The group’s Present Situation Index—which is based on consumers' assessment of current business and labor market conditions—declined slightly, from 172.7 to 171.6, and its Expectations Index—which is based on consumers' short-term outlook for income, business and labor market conditions—fell from 112.3 last month to 99.1 this month.

The trend suggests moderating economic growth in the year ahead, according to The Conference Board’s Lynn Franco, senior director of economic indicators.

“Expectations regarding job prospects and business conditions weakened, but still suggest that the economy will continue expanding at a solid pace in the short-term,” Franco said in a statement announcing the December results. “While consumers are ending 2018 on a strong note, back-to-back declines in Expectations are reflective of an increasing concern that the pace of economic growth will begin moderating in the first half of 2019.”

The monthly Consumer Confidence Survey is conducted for The Conference Board by consumer information and analytics firm Nielsen.

 

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.