WASHINGTON – Consumer confidence in the economy rose sharply in December, a sign consumers see a rosier future for business and job conditions, the Conference Board reported.
The Consumer Confidence Index rose to 93.7 in the latest month from 84.9 in November after three months of steady decline. The month-to-month increase was the largest in almost four years and may be a sign consumers feel they can loosen up on their purse strings.
The November figure was the lowest since 1994 when the index stood at 79.9.
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