Consumer Confidence Hits 113.7

by Marilou Moursund on December 27, 2016

in Economic Indicators,equity market

Consumer confidence for December came in at 113.7 versus the estimate of 109.  From the linked article:

“Consumer Confidence improved further in December, due solely to increasing Expectations which hit a 13-year high (Dec. 2003, 107.4),” Lynn Franco, director of economic indicators at The Conference Board, said in a press release.

“The post-election surge in optimism for the economy, jobs and income prospects, as well as for stock prices which reached a 13-year high, was most pronounced among older consumers,” the director said.

Franco added that consumer confidence in 2017 will hinge on whether expectations of economic growth and policy are met.

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