The index rose to 115.8 points against 111.9 points in November which was revised up. This is better than expected by analysts who expected 111.5 points.
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US consumer confidence improved more than expected in December as concerns about inflation eased despite the rapid spread of the Omicron variant, according to the Conference Board index released on Wednesday.
The index rose to 115.8 points against 111.9 points in November which was revised up. This is better than expected by analysts who expected 111.5 points.
The component measuring their confidence in the current situation has fallen slightly “but it remains very high, which suggests that the economy has maintained its momentum during the last month of 2021”, reacted Lynn Franco, senior director of economic indicators at the Conference Board.
And she notes that expectations for near-term growth prospects have improved, “paving the way for continued growth into early 2022.”
In fact, the proportion of consumers planning to buy homes, cars, major appliances or go on vacation in the next six months has increased.
At the same time, concerns about inflation have subsided after peaking in 13 years last month, as have concerns about Covid-19, despite reports of continued price increases and the emergence of variant Omicron, ”observes Ms. Franco.
Consumer spending is the main engine of growth in the United States.
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