U.S. December economic data released: Consumer Confidence Index unexpectedly declines, manufacturing continues to be under pressure.

[Chain News] The latest data shows that the U.S. consumer confidence index for December was announced at 89.1. Although this number is lower than the market expectation of 91, it has increased compared to the previous value of 88.7. It is worth noting that the official data was subsequently revised to a previous value of 92.9, which means that the actual situation in November was much stronger than initially reported.

The performance in the manufacturing sector continues to weaken. The Richmond Fed Manufacturing Index reported -7, which is an improvement from the expected -10, but still well below the previous value of -15. This indicates that although there is a month-on-month improvement in manufacturing, it is still in a contraction range overall.

The dual pressures of consumption and manufacturing reflect the real challenges facing the growth of the U.S. economy. For investors concerned with macroeconomic factors, such data often influences expectations regarding Federal Reserve policies, which in turn affects the risk appetite in the cryptocurrency market.