Cheer Up Dude. It’s Christmas.

Confidence Reveals a Surprising Improvement in Attitudes at Year’s End

Source: Economics Group of Wells Fargo Bank, N.A.Summary The Conference Boards’ consumer confidence index surprised to the upside in December, rising to an eight-month high of 108.3. December’s performance easily exceeded even the highest economist expectation and suggests there is material improvement in consumers’ attitudes as 2022 comes to a close. Confidence Ends 2022 on an Upbeat Note The Conference Board’s consumer confidence index increased more than expected in December, sparked by falling gasoline prices and an improved assessment about the labor market. The improvement is consistent with the preliminary December reading of the University of Michigan’s consumer sentiment index, which climbed 2.3 points from November’s level. READ FULL ARTICLE>>