The Consumer Confidence Index
is almost back at same level as June after declining and then
experiencing a steady increase in October and November. The index is
now at 54.1 compared to 54.3 in June and 48.6 in September.
Overall, survey results were up, steadily increasing since September.
The Present Situation Index declined in September before it increased
in both October and November with a current index of 24.0. The
Expectations index also increased
after declining in September.
“Consumer confidence is now at its highest level in five
months, a welcome sign as we enter the holiday season.
Consumers’ assessment of the current state of the economy and
job market, while only slightly better than last month, suggests the
economy is still expanding, albeit slowly. Expectations, the main
driver of this month’s increase in confidence, are now at the
highest level since May (Exp. Index, 84.6). Hopefully, the improvement
in consumers’ mood will continue in the months ahead,” says
Lynn Franco, Director of The Conference Board Consumer Research Center
in the release.