CB Consumer Confidence rose to 96.5

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Tuesday, Dec 29 2015

The Conference Board Consumer Confidence Index, which had decreased moderately in November, improved in December. The Index now stands at 96.5 (1985=100), up from 92.6 in November. Analysts were anticipating smaller increase to 93.6. The Present Situation Index increased from 110.9 last month to 115.3 in December, while the Expectations Index improved to 83.9 from 80.4 in November.

“Consumer confidence improved in December, following a moderate decrease in November,” said Lynn Franco, Director of Economic Indicators at The Conference Board. “As 2015 draws to a close, consumers’ assessment of the current state of the economy remains positive, particularly their assessment of the job market. Looking ahead to 2016, consumers are expecting little change in both business conditions and the labor market. Expectations regarding their financial outlook are mixed, but the optimists continue to outweigh the pessimists.”

Euro is currently being traded few points above 1.0910 level, Sterling is around 1.48 handle, while Aussie is above 0.7290 area.

Last modified on Tuesday, 29 December 2015

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