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Дата: 28/12/05 20:02:07

Consumer confidence improved in December to the highest level since August, before Hurricane Katrina hit the U.S. Gulf, according to a survey by the Conference Board. Its index of consumer sentiment rose in December to 103.6 from a November reading of 98.3. Economists had expected the index to rise to 101.8.

"What this report does is take away some of the sting of the inverted yield curve that spooked the equity market yesterday," Anthony Chan, senior economist at JP Morgan Asset Management. "The equity market got spooked because an inverted yield curve is consistent with a recession."

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