Improving job and wage prospects lifted the Thomson Reuters/University of Michigan Consumer Sentiment December Index to its highest level since 2007. According to NAHB the Conference Board Consumer Confidence Index reversed its November retreat based on a more favorable estimate of current business and labor market conditions.
Credit: NAHB
The Consumer Sentiment Index increased to 93.6 in December from 88.8 in November and 82.5 during the same month a year ago. Consumers reported hearing more positive economic developments than any other time in the last thirty years. The survey also reported that consumers anticipated a significant increase in their wages in 2015.
