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Conference Board's measure sinks amid dismal job market and credit crunch.
December 30, 2008
By: TOM BRANNA
Editor
The Conference Board, a New York-based business research group, said Tuesday that its Consumer Confidence Index fell to 38 in December from the downwardly revised 44.7 in November. Economists were expecting the index to increase to 45.5, according to a www.Briefing.com consensus survey of economists. “The further erosion of the Consumer Confidence Index reflects the rapid and steep deterioration of economic conditions that occurred in the fourth quarter of 2008,” said Lynn Franco...
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