The Conference Board Consumer Confidence Index rose 9.3 points in December to 64.5 (1985 = 100), following a 14.3-point rise in November, The Conference Board said Tuesday.
All told, the index has risen by nearly 24 points since October—the biggest rise since March 1991, when the U.S. won the first Gulf War. Over the summer and into the fall, from July to October, the index continued to spiral downward as news of the U.S. debt downgrade, the Eurozone fiscal crisis, rising gas prices, continued unemployment and surging market volatility ate away at public opinion. These worries pushed consumer confidence to lower levels than in the recessions of 2001 and 1990.
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