US: CB Consumer Confidence rises to 115.8 in December versus expected 110.8

Joel Frank Independent Analyst

According to the latest US Conference Board survey, headline Consumer Confidence rose to 115.8 in December from 109.5 in November, above the expected rise to 110.8. That marked the best such reading since July, prior to the peak of the delta wave that sapped confidence later in Q3. Economists suspect confidence will slip from current levels in January as Omicron takes a firmer foothold in the US.

The Consumer Expectations index rose to 96.9 from November's 90.2 reading, which had been revised higher from 87.6. The Jobs Hard-To-Get index rose slightly to 12.5 in December from 10.8 in November. The 1-year Consumer Inflation Rate expectation fell slightly to 6.9% from 7.3% in November.

Market Reaction

The DXY did not see any notable reaction to the data.

Author

Joel Frank

Independent Analyst

Joel Frank is an economics graduate from the University of Birmingham and has worked as a full-time financial market analyst since 2018, specialising in the coverage of how developments in the global economy impact financial asset

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