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12/27/2012 11:30:00 AM Write a Letter to the Editor Write a letter to the Editor

Consumer Confidence Falls in December

Consumer confidence declined in December, the New York-based Conference Board said Thursday.

The group’s monthly index fell to a reading of 65.1 from 71.5 in November, a level that was lower than originally reported.

Economists had forecast a reading of 70, Bloomberg reported.

An improvement in confidence may increase consumer spending, which accounts for 70% of the economy.

By Transport Topics

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