Consumer confidence rose in December, according to the Confidence Board and reported by MarketWatch staffer Greg Robb.
The consumer confidence index increased to 96.5 in this month, while confidence in November was revised higher to 92.6 in November from 90.4, which was the lowest level in more than a year.
“The improvement in confidence this month is encouraging, following a curious decline in November,” said Thomas Simons, economist at Jefferies.
“We had though that the recent strength in the unemployment data and the continued low level of gasoline prices was enough to support a decent confidence reading in November, but the index fell to a 14-month low. The rebound this month fits more in line with our assessment of the fundamentals,” he said.