Consumers assessment of current conditions declined slightly, with those saying business conditions are good sliding from 29.7 percent to 29.2 percent, and those saying they are bad ticking up from 15.2 percent to 17.3 percent, according to the report. A similar dip was reflected in labor statistics, with those saying jobs are plentiful dipping to 26.9 percent from Novembers 27.8 percent, and those saying jobs are scarce climbing to 22.5 percent from last month’s 21.2 percent. Still, short-term outlook numbers improved considerably in December, with the percentage of consumers expecting more jobs in the new year ticking up from 16.1 percent to 21 percent.
Key Takeaways:
- Consumer optimism about the economy increased to the highest level since August 2001, according to a monthly survey released Tuesday.
- The Consumer Confidence Index hit 113.7 in December, The Conference Board said on Tuesday. Economists polled by Reuters expected the Consumer Confidence Index to hit 109 for the month.
- The survey, a closely followed barometer of consumer attitudes, measures confidence toward business conditions, short-term outlook, personal finances and jobs.
“The post-election surge in optimism for the economy, jobs and income prospects, as well as for stock prices which reached a 13-year high, was most pronounced among older consumers.”
http://www.cnbc.com/2016/12/27/consumer-confidence-for-december-2016.html
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