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US Consumer Confidence Rebounds in December

Jan. 6, 2015
US Consumer Confidence Rebounds in December

Though Americans remained dubious in their outlook for 2015, U.S. consumer confidence rebounded in December after falling the previous month,the Conference Board reported Tuesday.

The consumer confidence index rose to 92.6 from 88.7 in November, still shy of the year's peak at 94.5 in October, but well up from 77.5 a year ago.

Consumers views of the current situation in the economy were fairly strong, but the outlook for the next half year dimmed, with the expectations sub-index dropping to 88.5 from 89.3.

There was little change in assessments of the jobs market, with only 17% of survey respondents calling jobs "plentiful." Nearly the same proportion expects a gain in wages.

Consumer spending plans for the next half-year were slightly lower, especially for big-ticket items like homes and cars.

Read more on consumer confidence on IndustryWeek.

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