U.S. consumer confidence declined this month, according to the final Reuters/University of Michigan monthly consumer sentiment index released Wednesday.
The final index for the month fell to a 67.4 reading from 70.6 in October, the survey reported. It was higher than the preliminary reading of 66 released earlier in the month.
Economists had forecast the index to fall to a 67 reading, Bloomberg reported.
An improvement in confidence may increase consumer spending, which accounts for 70% of the economy.
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