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U.S. consumer confidence has dropped to its lowest level since the summer amid a worsening coronavirus pandemic.
Rising cases and deaths have led to new lockdowns, softening consumer confidence in the economy.
The latest Conference Board report released Tuesday showed the Consumer Confidence Index (CCI) declined in December following a decrease in November. The score ranked at 92.9 last month and fell to 88.6 in December.
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The CCI is a measure of how people feel about the economy now and how they feel it s going to perform in the future, which is correlated with how much people are willing to spend.
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