Consumer Confidence Continues to Climb Featured
27 December 2016
The Conference Board Consumer Confidence Index, which had increased considerably in November, posted another gain in December. The Index now stands at 113.7, up from 109.4 in November. Consumers’ outlook for the labor market improved markedly. The proportion expecting more jobs in the months ahead increased to 21 percent from 16.1. However, those anticipating fewer jobs also increased, to 14 percent from 13.5 percent. The percentage of consumers expecting their incomes to increase rose to 21percent from 17.4 percent, while the proportion expecting a decrease fell moderately, to 8.6 percent from 9.2 percent.