The Conference Board Consumer Confidence Index was up in January 2014 to stand at 80.7, on the heels of a significant December increase to 77.5,
One component of the CCI, the Present Situation Index, stood at 79.1 in January, up from December's 75.3. The second component of the index, the Expectations Index, was up to 81.8 in January, from 79.0 in December.
“Consumers’ assessment of the present situation continues to improve, with both business conditions and the job market rated more favorably,” said Lynn Franco, Director of Economic Indicators at The Conference Board. "Looking ahead six months, consumers expect the economy and their earnings to improve, but were somewhat mixed regarding the outlook for jobs. All in all, confidence appears to be back on track and rising expectations suggest the economy may pick up some momentum in the months ahead.”
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