Consumer Confidence hit high in December
Retail Editor 1 -- Home Textiles Today, 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.
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