Consumer confidence in the U.S. has unexpectedly decrease in the month of December, according to a report released by the Conference Board on Tuesday, with the report also showing a substantial downward revision to the reading on consumer confidence in November.
The Conference Board said its consumer confidence index slid to 88.6 in December from a downwardly revised 92.9 in November.
Economists had expected the consumer confidence index to inch up to 97.0 from the 96.1 originally reported for the previous month.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.