NEW YORK – Tuesday's Consumer Confidence Index report from the Conference Board at a glance:
— SLIPPING CONFIDENCE: Consumer confidence fell to 52.5 in December from a revised 54.3 in November. Analysts had expected a reading of 55.8. The survey is based on a sample of 5,000 U.S. households, and the cutoff date for preliminary results was Dec. 20.
— KEY BAROMETERS: The overall index includes two measurements. There's consumers' current assessment of the economy, which declined to 23. 5 from 25.4. And there's consumer outlook over the next six months, which decreased to 71.9 from 73.6 last month.
— SURVEY RESULTS: The decline in consumer confidence was helped by a souring assessment of the labor market .Those saying jobs are "plentiful" decreased to 3.9 percent from 4.3 percent, while those stating jobs are "hard to get" edged up to 46.8 percent from 46.3 percent. Those anticipating fewer jobs in the months ahead increased to 19.5 percent from 19.1 percent, while those expecting more jobs declined to 14.3 percent from 15.1 percent. The proportion of consumers expecting an increase in their incomes declined to 9.9 percent in December from 11.1 percent.
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