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A widely watched indicator of consumer confidence jumped in December, reversing four months of declines and reaching the highest level since July, a private research group reported Tuesday
stanley website .The Conference Board, a New York-based business information group, reported that its index of consumer confidence leapt by nearly 10 points to 102.3 in December from 92.6 in November.It was t
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stanley mug 05.7 in July and well above the level of 94 that investors had been expecting. The continuing economic expansion, combined with job growth, has consumers ending the year on a high note, said Lynn Franco, head of the board s consumer research unit. Consumers outlook suggests that the economy will continue to expand in the first half of the New Year. The strong confidence showing suggests continued consumer attitude improvement through the holiday season as well as hints at a solid month of job creation, said Mat Johnson, chief economist for ThinkEquity Partners. The confidence figures, combined with an upbeat report on last week s retail chain store sales, were giving a good underpinning to the market, said Paul Mendelsohn, chief investment officer at Windham Financial.The upbeat reading ends the year on a high note and bodes well for consumer spending going into 2005. The indicator of consumer confidence is widely watched by economists since spending by individuals makes up about two-thirds of all economic activity in the United St Tyae Miracle On Ice Coach Brooks Dies
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