Consumers Expect Better Business Conditions in 2014

Consumers are increasingly confident about current and future conditions, according to the Conference Board's December Consumer Confidence Index released today. 

After clocking in at 72.0 for November, the index advanced 8.5% to 78.1 for December. Analysts had expected an uptick, but their 76.8 point prediction underestimated actual results. The index uses 1985 as its 100-point benchmark.

"Consumer confidence rebounded in December and is now close to pre-government shutdown levels [September 2013, 80.2]," said Lynn Franco, Conference Board's director of economic indicators, in a statement today. "Despite the many challenges throughout 2013, consumers are in better spirits today than when the year began."

The index is comprised of responses from a random sample of consumers. In this latest report, sentiment regarding current conditions reached a five-year high on improved economic and labor markets. 

Looking ahead, 17.2% of those surveyed expect business conditions to improve over the next six months, compared to 14% anticipating tougher times. Consumers also have higher expectations for future employment opportunities, although those expecting fewer jobs (19%) still outweigh those expecting more (17.1%).

link


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2780176, ~/Articles/ArticleHandler.aspx, 7/25/2014 2:28:57 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement