Alexa
  • Directory of Taiwan

Consumer confidence extends rise in December

Consumer confidence extends rise in December

A monthly survey says consumers' confidence in the U.S. economy rose again in December. The rise was fueled by a long-term outlook on jobs that reached its highest level in two years.
The New York-based Conference Board says its Consumer Confidence Index rose to 52.9, up from a revised 50.6 in November. Economists surveyed by Thomson Reuters predicted a reading of 52.
The reading is still far short of the 90 that would signify a solid economy.
Economists watch consumer sentiment because spending on goods and services for consumers accounts for about 70 percent of U.S. economic activity.
The survey of 5,000 ran Dec. 1 through 21.


Updated : 2021-05-15 02:14 GMT+08:00