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U.S. consumer confidence rises in December
December 30, 2014 / 3:24 PM / 3 years ago

U.S. consumer confidence rises in December

(Reuters) - U.S. consumer confidence increased in December, bolstered by a brightening jobs situation that left perceptions about economic conditions at a high last seen in February 2008, according to a private sector report released on Tuesday.

Women make their way though Times Square with bags of purchases from Toys R Us in New York November 27, 2014. REUTERS/Carlo Allegri

The Conference Board, an industry group, said its index of consumer attitudes rose to 92.6 from an upwardly revised 91.0 the month before. Economists expected a reading of 93.0 for December, according to a Reuters poll.

November was originally reported as 88.7.

“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 statement. “... They are more confident at year-end than they were at the beginning of the year.”

The expectations index in December was 88.5 versus November’s revised 89.3, and the present situation index rose to 98.6 from a revised 93.7 in November. The present situation index is now at its highest level since February 2008.

The “jobs hard to get” index was 27.7 in December, versus a revised 28.7 the month before.

Reporting by Michael Connor in New York; Editing by Chizu Nomiyama

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