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Wednesday, December 28, 2005

Confidence Game

So consumer confidence rebounded in December:

The Conference Board Consumer Confidence Index, which had rebounded in November, improved further in December. The Index now stands at 103.6 (1985=100), up from 98.3 in November. The Present Situation Index surged to 121.5 from 113.2. The Expectations Index increased to 91.6 from 88.4 last month.

I'm guessing it always does this time of year--here's 2004's report:

The Conference Board’s Consumer Confidence Index, which had been on the decline since August, rebounded in December. The Index now stands at 102.3 (1985=100), up from 92.6 in November. The Expectations Index rose to 99.9 from 90.2. The Present Situation Index increased to 105.9 from 96.3.

I'd look further back, but it costs money to get historical reports.  Rasmussen does seem to show a similar pattern, with confidence rising during the Christmas season--and even though it's up right now, their measure is off from this year's high, as well as previous years'. 

And speaking of the only poll worth paying attention to™:

Forty-seven (47%) of American adults approve of the way George W. Bush is performing his role as President. That's down from his pre-Christmas peak, but well above his Approval Ratings for most of October and November.

Yup, people are surely confident in his leadership.

ntodd

December 28, 2005 in Assmussen | Permalink

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Comments

The economy is so good that everybody has to lay off en masse.

I don't believe that chimperor is getting a 47% approval outside of his own family, do you?

Posted by: grannyinsanity | Dec 28, 2005 10:59:00 AM

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