The Consumer Confidence Index from the Conference Board showed more improvement in December 2011, following an increase in November. The December index was 64.5 (1985=100), up from 55.2 in November. The Present Situation Index component increased from 38.3 in November to 46.7 in December. The Expectations Index component increased from 66.4 in November to 76.4 in December.
Lynn Franco, director of The Conference Board Consumer Research Center, called the November and December gains "considerable."
"The Consumer Confidence Index is now back to levels seen last spring (April 2011, 66.0)," Franco said. "Consumers’ assessment of current business and labor market conditions improved again."
She added: "It is too soon to tell if this is a rebound from earlier declines or a sustainable shift in attitudes."
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