Consumer Confidence Rises Before Year’s End

Reuters reported on December 23 that the Thomson Reuters/University of Michigan’s consumer sentiment index rose for December, signifying that consumers are feeling more confident about future economic developments.

The index climbed from 75.1 in November to 82.5 for December. Consumer spending also rose in November, according to Reuters.

“Next year is shaping up to be the better tomorrow we have wanted to see ever since the recession ended almost five years ago,” Chris Rupkey, chief financial economist for Bank of Tokyo-Mitsubishi UFJ, told Reuters in an interview.

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