WASHINGTON – Consumer confidence in the economy rose sharply in December, a sign consumers see a rosier future for business and job conditions, the Conference Board reported.
The Consumer Confidence Index rose to 93.7 in the latest month from 84.9 in November after three months of steady decline. The month-to-month increase was the largest in almost four years and may be a sign consumers feel they can loosen up on their purse strings.
The November figure was the lowest since 1994 when the index stood at 79.9.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
