Economy
December 31, 2014
Consumer Confidence Composite & Present View 3MMA Improve
Written by Peter Wright
The Consumer Confidence Index as reported by the Conference Board rose in December and the November results were revised upwards. The composite rose from 91.0 to 92.6, the view of the present situation rose from 93.7 to 98.6 as expectations fell from 89.3 to 88.5. The three month moving averages (3MMA) of the composite and present view and expectations all improved. The 3MMA of the composite at 92.6 is now higher than the 35 year average since 1980 which stands at 90.6, the 3MMA of the composite, the view of the present situation and expectations are shown in Figure 1.
