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.
