US: Conference Board Consumer Confidence Index eased to 122.1 in December

"The Conference Board Consumer Confidence Index® decreased in December, following a modest improvement in November," the Conference Board reported on Wednesday.

Key takeaways

The Index now stands at 122.1 (1985=100), down from 128.6 in November.

The Present Situation Index increased from 154.9 to 156.6, while the Expectations Index declined from 111.0 last month to 99.1 this month.

The decline in confidence was fueled by a somewhat less optimistic outlook for business and job prospects in the coming months.