CB Consumer Confidence rose less than expected

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Tuesday, Dec 30 2014

The Conference Board Consumer Confidence Index, which had declined in November, improved in December. The Index now stands at 92.6 up from 91.0 in November. However, analysts were forecasting an incline to 94.6. The Present Situation Index rose to 98.6 from 93.7, while the Expectations Index decreased to 88.5 from 89.3 in November.

Lynn Franco, Director of Economic Indicators at The Conference Board, said: “Consumer confidence rebounded modestly in December, propelled by a considerably more favorable assessment of current economic and labor market conditions. As a result, the Present Situation Index is now at its highest level since February 2008 (Index, 104.0). Consumers were moderately less optimistic about the short-term outlook in December, but even so, they are more confident at year-end than they were at the beginning of the year.”

After the data USD fell slightly. Euro is currently being traded around 1.2180 area, Sterling is few points above 1.5560 level, while Aussie is slightly below 0.82 handle.

More in this category: « M3 Money Supply increased to 3.1% China's Manufacturing PMI down to 49.6 in December »

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