December consumer confidence better than expectations
The US consumer confidence came in better than expectations at 96.5 vs 93.8 estimate. The prior month was revised higher to 92.6 from 90.4.
- The Present situation increased to 115.3 from 110.9 last month
- Consumer confidence expectations also rose to 83.9 from 80.4 in November.
The index increase is being attributed to stronger employment and cheaper fuel costs. Faster growth in wages would be a positive for future confidence.
The forecast range was 88.5 to 97.3.
The high for year was at 102.60 in September. The low was 91.0 in July.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
