WASHINGTON (Reuters) – U.S. consumer confidence unexpectedly fell in December, likely as a deterioration in the labor market amid renewed business restriction to slow the raging pandemic offset the rolling out of a vaccine for COVID-19.

The Conference Board said on Tuesday its consumer confidence index dropped to a reading of 88.6 this month from 92.9 in November. Economists polled by Reuters had forecast the index ticking up to 97.0 in December. The index was at 132.6 in February.

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