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Chart of the Week: Consumer Confidence Spikes

Posted By Barry Ritholtz On December 28, 2004 @ 12:06 pm In Economy | Comments Disabled

The Conference Board’s Consumer Confidence Index Rebounds In December

Chart_cci_2 [1]

The Conference Board’s Consumer Confidence Index, which had been declining since August, rebounded smartly in December. It now stands at 102.3, up significantly from 92.6 in November. The Present Situation Index also snapped to, up almost 10 to 105.9 from 96.3.

Methinks tis the season to be Jolly: “The continuing economic expansion, combined with job growth, has consumers ending the year on a high note,” says Lynn Franco, Director of The Conference Board’s Consumer Research Center. “The most significant contributor to the rebound in confidence has been the overall improvement in current conditions over the past twelve months. And consumers’ outlook suggests that the economy will continue to expand in the first half of the new year.” 

Source: The Conference Board [2]

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Quote of the Day

"Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria."  -Sir John Templeton [9]


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2004/12/chart-of-the-week-consumer-confidence-spikes/

URLs in this post:

[1] Image: http://bigpicture.typepad.com/photos/uncategorized/chart_cci_2.gif

[2] The Conference Board: http://www.conference-board.org/economics/consumerconfidence.cfm

[3] Retail in Review: More Bah Than Sis-Boom: http://www.nytimes.com/2004/12/28/business/28shop.html?ex=1261890000&en=8565773cce0b4c63&ei=5090&partner=rssuserland

[4] Last-Minute Buying Boosts Holiday Chain-Store Sales: http://online.wsj.com/article/0,,SB110424258923510956,00.html

[5] A Word From A Dollar Bear: http://www.forbes.com/forbes/2005/0110/036.html

One man’s retirement math: http://www.csmonitor.com/2004/1227/p01s03-cogn.html

[7] Bendable Organic Solar Cells: http://www.livescience.com/technology/041224_solar_panels.html

[8] Where Osama bin Laden went wrong: http://www.atimes.com/atimes/Central_Asia/FL24Ag01.html

[9] Sir John Templeton: http://www.templeton.org/sir_john_templeton/index.asp

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