Consumer Confidence hit high in December

Retail Editor 1, January 3, 2014

New York - Consumer confidence rebounded in December, hitting its highest level since September.
The Conference Board Consumer Confidence Index came in at 78.1, higher than an upwardly revised figure of 72.0 in November and 72.4 in October.
Consumer confidence is now close to pre-government shutdown levels of 80.2 in September 2013, said Lynn Franco, director of economic indicators. She said consumers attribute the improvement to more favorable economic and labor market conditions and expressed a greater degree of confidence in future economic and job prospects, but were moderately pessimistic about their earnings prospects.
Looking ahead, more consumers expect business conditions to improve over the next six months. The number of those expecting them to decline was down by almost 2 percentage points.

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.

CURRENT ISSUE

HTT Cover October 2017

See the October 2017 issue of Home & Textiles Today. In this issue, we look at the Top 25 Online Retailers.  H&TT's exclusive annual ranking of the biggest online sellers of home textiles finds that while pure play etailers continue to fly, bricks & clicks are digging into omnichannel. See details!