Industry News

Report: Rising consumer confidence ‘far from optimistic’

Despite index gains, consumers still wary of jobs, economy

An index measuring consumer confidence rose for the first time in five months in December, The Conference Board reported, while a separate index that measures job offerings in major U.S. newspapers fell 1 point in November after a two-point drop in October. The Consumer Confidence Index, which is based on a representative sample of 5,000 U.S. households, stood at 88.6 in December -- up from 87.8 in November. The overall index was boosted by a rise in the Expectations Index, which measures consumers' short-term expectations. That index gauge rose to 75.5 from 69.1 in November. The number of consumers expecting business conditions to worsen in the next six months fell to 14.1 percent in December from 16.6 percent in November, while those anticipating an improvement in business conditions rose from 12.4 percent in November to 13.8 percent in December. But the Present Situation Index, which is a gauge of consumer sentiment about present-day conditions, dropped from 115.7 in No...

Comments