Looking Up - Who cares about confidence?
The Yankelovich Economic Edge POV J. Walker Smith
Indicators of things like unemployment and prices are hard to read during the week between Christmas and New Year’s. So the news to watch last week wasn’t an economic indicator per se. Instead, it was the latest report on consumer confidence.
The Conference Board Consumer Confidence Index for December came in at an all-time low. Despite being up slightly in November, the index dropped again in December.
Source: Consumer Confidence Survey Press Release, The Conference Board, December 30, 2008