But the unexpected strength in consumer attitudes was skewed toward their current state of mind — they see the future as bleaker.
late Tuesday, and saw its stock up 13.5 percent to $117.17 in midday trading.
While the results did show a rise in consumer attitudes, the gains were skewed toward how shoppers are feeling now, not how they feel about the future. Lynn Franco, senior director of economic indicators at The Conference Board, said, “The Present Situation and Expectations Indexes improved due to consumers’ more favorable view regarding the economy and jobs. Inflation expectations retreated in December to their lowest level since September 2021, with recent declines in gas prices a major impetus. Vacation intentions improved but plans to purchase homes and big-ticket appliances cooled further.
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