WASHINGTON (Reuters) -U.S. consumer confidence increased to a five-month high in December, with Americans growing more optimistic about current and future business conditions as well as the labor market, which could help to underpin the economy early next year. Consumers' perceptions of a probable recession over the next 12 months were the lowest for the year, though two-thirds still viewed a downturn as possible in 2024.
US manufacturing output increases in November, underlying trend soft kitco.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kitco.com Daily Mail and Mail on Sunday newspapers.
Production at U.S. factories rose in November, lifted by a rebound in motor vehicle output following the end of strikes, but activity was weaker elsewhere as manufacturing grapples with higher borrowing costs and softening demand. Despite the manufacturing sector's mixed fortunes, the economy continued to expand as the year ended. A survey on Friday showed business activity picked up in December amid rising orders and demand for workers in the services industry.
WRAPUP 2-US manufacturing output increases in November, underlying trend soft devdiscourse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from devdiscourse.com Daily Mail and Mail on Sunday newspapers.
A report from the Labor Department on Wednesday strengthened optimism that overall inflation would continue to subside and allow the Federal Reserve to start cutting interest rates next year.