ECONOMY

Washington: Consumer Confidence Falls After Tariffs, December Drop

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Sources: 6

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Sources: 6

60-Second Summary

Washington — The Conference Board reported that consumer confidence fell 3.8 points to 89.1 in December from a revised 92.9 in November. The short-term expectations index remained at 70.7 for the eleventh consecutive month below 80. Consumers' assessments of current conditions dropped 9.5 points to 116.8. Survey write-ins cited high prices, inflation and the effect of tariffs introduced in April as primary concerns. The share saying jobs were plentiful fell to 26.7 percent, reflecting weaker labor perceptions amid five straight monthly declines. Based on 6 articles reviewed and supporting research.

About this summary

This 60-second summary was prepared by the JQJO editorial team after reviewing 6 original reports from WHDH 7 Boston, PBS.org, San Jose Mercury News, Pulse24.com, 2 News Nevada and ExBulletin.

Timeline of Events

April: U.S. administration introduces tariffs; Conference Board index near 85.7.
Months following April: consumer confidence fluctuates, tracked monthly by the Conference Board.
November: Conference Board revises the consumer confidence index upward to 92.9.
Early December: Conference Board releases December data showing index fell to 89.1.
December: Short-term expectations remain 70.7 for 11th month under 80; current conditions drop to 116.8; jobs-plentiful share at 26.7%.