Shopper sentiment in the US weakened for the fifth consecutive month in December, with the Convention Board’s Shopper Confidence Index declining to 89.1 from 92.9 in November.
“The Current State of affairs Index—primarily based on customers’ evaluation of present enterprise and labor market circumstances—plummeted by 9.5 factors to 116.8 in December,” the Convention Board famous in its press launch and added:
“The Expectations Index—primarily based on customers’ short-term outlook for earnings, enterprise, and labor market circumstances—held regular at 70.7.”
Market response
The US Greenback Index stays beneath modest bearish strain within the American session on Tuesday and was final seen dropping 0.2% on the day at 98.05.
