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Agencies
American consumers are feeling less confident in December, a business research group says.
The Conference Board said Monday that its consumer confidence index fell back in December to 104.7 from 112.8 in November. Analysts forecast a rise to a reading of 113.8. Consumers had been feeling increasingly confident in recent months, spending more in the run-up to the all-important holiday shopping season.
The consumer confidence index measures both Americans’ assessment of current economic conditions and their outlook for the next six months.
