The Conference Board, a non-profit business, stated in its most recent statement this time that even though the US economy has shown signs of growth, customer trust is still falling.

The Consumer Confidence Index dropped by 3. 8 items to 89. 1 by the end of the year, compared to the 92. 9 that was recorded in November, according to data from The Conference Board.

In this regard, Dana Peterson, the chief economist at The Conference Board, who also participated in the study, noted that" customers ' written messages about the factors affecting the market continued to be led by references to costs and inflation, taxes, trade, and politicians," she said.

Short-term expectations for income and the labour market remained at 70. 7, though they were below 80, indicating a crucial indicator of consumer expectations regarding this subject.

According to Peterson, "in December, mentions of emigration, war, and issues relating to personal finance, such as interest rates, fees and money, banks, and insurance, increased," which is a situation that raises high expectations.

For his part, Matthew Martin, senior US economist at Oxford Economics, pointed out that" consumer confidence continued to decline at the end of the year, as rising costs, a weaker labor market, and the effect. " He added that the waning effects of the government shutdown had a significant impact on households ' views of the business. The Conference Board's survey found that the unemployment rate for the job market dropped from 28. 2 % to 26. 7 %, with many Americans surveyed saying it is currently challenging to find work. Meanwhile, High Frequency Economics ' Chief Economist Carl Weinberg noted that" the most recent GDP data confirms that, despite consumer confidence declining, consumers are still spending. This discrepancy may indicate that wages are rapidly rising. However, the payment record indicates that revenues are declining. Therefore, the information does not, at this time, communicate a clear message, he said. According to data released this Tuesday by the Bureau of Economic Analysis ( BEA ), which released data for the third quarter of this year, real gross domestic product ( GDP ) increased at an annual rate of 4. 3 % in the third quarter of this year, with consumer spending accounting for two-thirds of the nation's economic activity.

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