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December Consumer Confidence Rebounds Modestly

CNBC News (12/30/14) Hailey Lee

The Conference Board’s Consumer Confidence Index hit 92.6 in December, up from 91 in November. Economists polled by Reuters forecast a reading of 93.

“The Present Situation Index is now at its highest level since February 2008 (Index, 104.0),” said Lynn Franco, director of economic indicators. “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.”