Consumer Confidence Increases, Hits a 5 Year High

Consumer Confidence Increases, Hits a 5 Year High

U.S. consumer confidence was a reading of 81.5 in August, the Conference Board reports. this is a small increase from the prior month’s revised reading of 81.0.

The present situation index declined to a reading of 70.7 from 73.6 in July. The future expectations index grew though, increasing to 88.7 from 86.0 in July.

Consumer confidence reached 82.1 in June, but excluding that this is the highest confidence has been since January 2008.

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