Consumer Confidence: Increases Modestly
December 29, 2015
Consumer Confidence ROSE by 3.9 points in December to 96.5, compared with market expectations for an increase to 93.5. This is the highest level since October. Confidence has been rising since Feb 2009 amid modest volatility. Present Situation Index ROSE by 4.4 points to 115.3, its highest level since September. This is also 15.4% ABOVE its year ago level. Present situation has been climbing for the past three years amid slight volatility. The Expectations Index ROSE by 3.5 points to 83.9, its highest level since October. This is still 5.2% BELOW its year ago level. The labor differential, the percentage of respondents who said jobs are â€œhard to getâ€ from the percentage who said jobs are â€œplentifulâ€, moved lower by 4.2 points to -0.6. Bottom Line: Consumers' assessments of the economy improved in December, more than expectations. Confidence, at 96.5, is slightly above its three month average of 96.1. Consumers' assessments of current situations increased while headline expectations rose but was still below its year ago level. Additionally, details were mixed as 6-month outlooks for business fell modestly while outlooks for income and employment rose modestly.
Article by contingentmacro