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Tuesday, December 29, 2015

Consumer Confidence Improves After Two Monthly Declines

The Conference Board’s Consumer Confidence Index improved in December to 96.5, after declining the previous two months.



The Present Situation Index also increased to 115.3, up from 110.9 the previous month.

The Expectations Index rose to 83.9, up from 80.4 in November.

According to Lynn Franco, Director of Economic Indicators at The Conference Board, “As 2015 draws to a close, consumers’ assessment of the current state of the economy remains positive, particularly their assessment of the job market. Looking ahead to 2016, consumers are expecting little change in both business conditions and the labor market. Expectations regarding their financial outlook are mixed, but the optimists continue to outweigh the pessimists.”

Read The Conference Board report.
Visit the new Banks and the Economy.

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