Consumer Confidence Jumped in August

With signs growing that the recession has ended, U.S. consumer confidence rebounded in August, especially regarding expectations for the economy six months from now, a report released Tuesday said.

The Conference Board, a private research group, said its index of consumer confidence increased to 54.1 in August from a revised 47.4 in July, which was originally reported as 46.6. The current month's reading was far above economists' expectations of 47.0, according to a survey conducted by Dow Jones Newswires.

The present situation index, a gauge of consumers' assessment of current economic conditions, rose to 24.9 this month, from a revised 23.3 in July, originally reported as 23.4.

Read Full Article from Wall Street Journal

- Posted: 2009-08-25 10:11:27

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