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US consumer confidence hits highest level in fifteen years

by ChemOrbis Editorial Team -
  • 28/12/2016 (16:31)
Consumer confidence in the US increased in December and hit its highest level for 15 years, according to media reports.

The consumer confidence index rose by 4.3% to 113.7 in December and beat the economists’ forecasts which called for the index to stand at 105.5. The rise was attributed to the increase in expectations for business, income and employment in the next six months. Expectations for business conditions climbed by 23.6% and the percentage of those who predicts more jobs were up by 5.9%.
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