30-Dec-2009 8:39 AM

The Conference Board Consumer Confidence Index increases again

US Consumer Confidence Index rose to 52.9 (1985=100) in Dec-2009, up from 50.6 in Nov-2009, according to The Conference Board. [more]

The Conference Board: "Consumer Confidence posted yet another moderate gain in December as expectations for the short-term future increased to the highest level in two years...Regarding income, however, consumers remain rather pessimistic about their short-term prospects and this will likely continue to play a key role in spending decisions in early 2010", Lynn Franco, Director of Consumer Research Centre. Source: The Conference Board: 29-Dec-2009.