Consumer Confidence down slightly.NEW YORK--(BUSINESS WIRE)--Dec. 27, 1995--The Conference Board's measure of consumer confidence dipped slightly in December December: see month. , after registering a significant gain last month. The Index (1985=100) is now at 98.7, a decline of almost 3 points. American consumers are less positive about current economic conditions than they were in November. About 23% of survey participants say that ongoing business conditions are "good," down from close to 28% last month. Consumers are only moderately less optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op in their expectations for the immediate future. The widely watched expectations component of the Index dropped less than a point. The proportion of consumers who feel jobs are "hard to get" remains right in line with the nation's moderately tight labor market labor market A place where labor is exchanged for wages; an LM is defined by geography, education and technical expertise, occupation, licensure or certification requirements, and job experience . The proportion who expect fewer jobs to be available in the next six months decreased from more than 18% in November to less than 17%. Also, slightly fewer respondents In the context of marketing research, a representative sample drawn from a larger population of people from whom information is collected and used to develop or confirm marketing strategy. than last month expect their family's income to increase. "Overall, the Consumer Confidence Index Consumer Confidence Index A measure of consumer views regarding the current economic situation and consumer expectations for the future. Information for the index is compiled and released on the last Tuesday of each month by the Conference Board, an has hovered around the 100 mark throughout the year," says Edgar R. Fiedler, vice president and economic counsellor at The Conference Board. "The traditionally warm spirits of the holiday season, however, have not lifted the economic expectations of consumers above this moderately favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. level." Source: Consumer Confidence Survey, December 1995, The Conference Board CONTACT: Lynn Franco, 212/339-0344 Ed Fiedler 212/339-0302 The Conference Board |
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