GOOD ECONOMY BOOSTS MORALE FOR CONSUMERS
WASHINGTON — Consumer confidence increased in December for the third consecutive month, with consumers buoyed by low unemployment and the lack of inflation, the Conference Board reported Tuesday.
“The latest survey readings strongly suggest that 1995 should be another good year for the U.S. economy,” said Fabian Linden, executive director of the board’s Consumer Research Center.
The confidence level in December increased 22.4 points to 102.2 against December 1993’s level of 79.8 points, as measured by the board’s index. Compared with November, the index this month edged up 0.2 points. The index is based on interviews with 5,000 U.S. households.
While respondents on balance are upbeat about the economy, they still have reservations. Slightly more people than in November viewed business conditions as “good,” but there was also an increase in the number who viewed conditions as “bad.” Those viewing conditions as “normal” decreased.
At the same time, there was a moderate increase in the number of respondents viewing job availability as “plentiful” and a substantial decline among those who view jobs as “hard to get.”
— Fairchild News Service