In October, the Conference Board consumer confidence index rose to 72.2 points from the revised 68.4 points recorded in September (previously reported: 70.3 points), reaching its highest level since February 2008. The figure, however, undershot market expectations, which had anticipated the index rising further to 74.0 points. As a result of the monthly rise, consumer confidence now stands 31.3 points above the level recorded in the same month a year ago. According to the Conference Board, consumers were considerably more positive in their assessment of current conditions, with improvements in the job market as the major driver. Consumers were modestly more upbeat about their financial situation and the short-term economic outlook, and appear to be in better spirits approaching the holiday season.
United States Consumer Confidence
Consumer confidence rises to highest level in nearly five years
November 1, 2012
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United States Consumer Confidence Chart
Note: Consumer Confidence Index.
Source: The Conference Board.
United States Economic News
October 14, 2016
In September, nominal retail sales expanded 0.6% over the previous month.
October 7, 2016
Non-farm payrolls grew 156,000 in September, which came in below August’s upwardly-revised increase of 167,000 (previously reported: +151,000).
October 3, 2016
The ISM manufacturing index increased more than expected in September and returned to expansionary territory, after a temporary setback in August.
September 27, 2016
Following an increase in August, when the Conference Board’s consumer confidence index jumped to 101.8 points, consumer sentiment among U.S. households rose further in September.
September 27, 2016
The S&P/Case-Shiller 20-city home composite index rose 0.6% in July over the previous month.