Consumer Confidence Slips - U. Mich. Index & RBC CASH Index
Consumer
Confidence: The University of Michigan's preliminary index of consumer
sentiment fell to 90.2 from 92.1 in November. The gauge rose to 93.6
in October, the highest since July of last year, and has averaged 88.1
since monthly data were first compiled in 1978.
In another survey measuring consumer confidence, RBC CASH (Consumer Attitudes and Spending by Household) Index of consumer confidence dropped more than 5 points this month.
Although Americans' assessments of job security rose slightly, overall consumer sentiment dropped, as consumers expressed concern about current and future economic conditions, as well as investing. As a result, the RBC CASH Index for December released today by RBC Financial Group, stands at 86.9, compared to 92.4 in November.
