Economy
January 3, 2016
December 2015 Consumer Confidence
Written by Peter Wright
Consumer confidence improved from 92.6 in November to 96.5 in December. The very disappointing November result was revised upwards. The three month moving average (3MMA) declined from 98.1 in November to 96.1 in December. As we have reported in earlier write-ups on this subject, 2015 has been tremendously more variable month to month than 2014.
In all of 2014 the monthly change ranged from +5.1 to -4.4, this year the range has been +10.7 to -8.8 points. The 3MMA of the present situation, almost on its five year trend and that of expectations, has now fallen below its 5 year trend (Figure 1).
