Consumer Confidence Remains Near 17 Year High
CONSUMER CONFIDENCE INDEX REMAINS NEAR RECORD-HIGH IN NOVEMBER
(CNN) – The business group “The Conference Board” says consumer confidence remains high in the U.S.
It hit 122.1 in December; slightly below the 17-year-high of 128.6 the index hit in November.
The group says a strong job market, the stock market rally and republican tax legislation are fueling the confidence.
The monthly consumer confidence survey measures what consumers think of current and future economic conditions.
The last time consumer confidence was this high was in June of 2001.
It hit rock bottom during the recession in 2009.