Economics
US Consumer Confidence Advances to Highest Level Since May
- Measures of expectations and current conditions both improved
- Share of consumers who said jobs were plentiful decreased
This article is for subscribers only.
US consumer confidence rose by more than forecast in August to the highest since May, suggesting that Americans are growing more optimistic about the economy amid falling gas prices.
The Conference Board’s index increased to 103.2 from a downwardly revised 95.3 reading in July, the first increase in four months, data Tuesday showed. The median forecast in a Bloomberg survey of economists called for a rise to 98.