US Consumer Confidence Drops for Fifth Straight Month
A shopper looks in the window of a jewelry store in New York.
Photographer: Adam Gray/BloombergUS consumer confidence declined in December for a fifth consecutive month on more pessimistic views of the labor market and business conditions.
The Conference Board’s gauge decreased to 89.1 from 92.9 last month, data out Tuesday showed. The falling streak is now tied for the longest since 2008.