Consumer Confidence at Highest Since April
The consumer confidence index published by the Conference Board reached an eight-month high of 64.5 in December, up significantly from a revised reading of 55.2 in November. And the good news doesn’t stop there: Looking ahead, consumers are more optimistic…
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
The consumer confidence index published by the Conference Board reached an eight-month high of 64.5 in December, up significantly from a revised reading of 55.2 in November.
And the good news doesn’t stop there:
Looking ahead, consumers are more optimistic that business conditions, employment prospects, and their financial situations will continue to get better. While consumers are ending the year in a somewhat more upbeat mood, it is too soon to tell if this is a rebound from earlier declines or a sustainable shift in attitudes.
The Conference Board’s numbers jibes with an earlier report this morning from Gallup. The best news, of course, is that consumers see employment growing and the US economy regaining some growth. Neither development is a slam-dunk at this point.
Contact [email protected] for any questions or corrections.
Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
