Mumbai, Dec. 24 -- Consumer confidence in the U.S. deteriorated for the fifth consecutive month in December, according to a report released by the Conference Board on Tuesday.
The Conference Board said its consumer confidence index slid to 89.1 in December from an upwardly revised 92.9 in November.
The report said the present situation index plummeted to 116.8 in December from 126.3 in November, while the expectations index held steady at 70.7.
The Conference Board noted the expectations index has now tracked under 80 for 11 consecutive months, the threshold below which the gauge signals recession ahead.
Published by HT Digital Content Services with permission from Capital Market....