FXstreet.com (Barcelona) - US consumer confidence continued to improve in December, up to 52.9 from 50.6 in November, in the monthly report conducted by The Confidence Board.
The Expectations index of consumers' short-term outlook rose to a two-year high of 75.8.
A more optimistic outlook for business and labor market conditions was the driving force behind the increase in the Expectations Index; said Lynn Franco, director of The Conference Board Consumer Research Center.
On the downside, the Present Situation index descended to a new 26-year low of 17.5. The percentage of the 5,000 households interviewed who deemed that present business conditions are bad increased to 46.6 percent over 44.5 percent in November.
Views on the labor market, however, were marginally better over the course of the month. In December, 16.2 percent expected more jobs to come available in the coming months as opposed to just 15.8 in November.
With this month's gain, US consumer confidence extends its upward swing from February when it bottomed out at 29.3.