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Consumer Confidence Continues To Rise

Jan 18, 2016

Consumer confidence rebounded more than forecasted in December, as Americans grew more optimistic about the current state of the economy and job market. The Conference Board’s sentiment index climbed to 96.5 from a November reading of 92.6. A strong labor market and cheap fuel costs have benefited the finances of many households, increasing consumers’ ability to make purchases, including new vehicles. Analysts feel that faster growth in wages would usher in bigger gains in confidence and probably provide another boost to consumer spending, which is the biggest part of the economy.