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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Consumer confidence rises slightly in December

Consumer confidence rose slightly in December, according to a report out moments ago.

The Conference Board's index of consumer confidence in December came in at 52.9, up from 50.6 in November.

Forecasters expected a reading of 52.5.

Consumers were optimistic about the future -- the Conference Board's expectations index increased from 70.3 last month to 75.6.

But they remained cautious about their current situation. The board's present situation index dropped from 21.2 in November to 18.8 in December.

The index is based on a survey of 5,000 U.S households. To read the entire release, click here.

-- Frank Ahrens
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By Frank Ahrens  |  December 29, 2009; 10:16 AM ET
Categories:  The Ticker  | Tags: consumer confidence  
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Anyone who believes economic reports for investment purposes or a sign the economy is improving is just asking for trouble.

Posted by: OldHippie | December 29, 2009 2:12 PM | Report abuse

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