Mary-Lynn Cesar, Kapitall: Increasing confidence among consumers inspired us to find undervalued consumer goods stocks.
Consumer confidence in the US rose in January, continuing December’s rebound after three consecutive months of decline this past fall. The Conference Board Consumer Confidence index rose to 80.7 this month, up from 77.5 in December.
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Each month, Nielsen conducts a Consumer Confidence Survey for the Conference Board in which respondents share their views of current business conditions. In January, survey participants provided the following assessments:
Business conditions are good: 21.5% vs. 20.2% in December
Business conditions are bad: 22.8% vs. 23.2% in December
Jobs are plentiful: 12.7% vs.11.9% in December
Jobs are hard to get: 32.6% vs. 32.9% in December