Consumer Confidence Rebounds In December

The U.S. Consumer Confidence rebounded slightly in December, according to Tuesday's data point. The Conference Board Consumer Confidence Index improved to 92.8 from 88.7 in November, but fell short of the 93.2 analysts were expecting. “Consumer confidence rebounded modestly in December, propelled by a considerably more favorable assessment of current economic and labor market conditions,” Lynn Franco, Director of Economic Indicators at The Conference Board said in a press release. “As a result the Present Situation Index is now at its highest level since February 2008.” Franco also states that consumers were “moderately less optimistic” over the short-term outlook in December, but are more confident at the end of the year than they were at the beginning.