United States: Consumer confidence rebounds strongly in September
September 25, 2012
In September, the Conference Board consumer confidence index jumped to 70.3 points from the revised 61.3 points recorded in August (previously reported: 60.6 points). The figure widely overshot market expectations, which had anticipated the index rising to 63.1 points and brought the index to the highest level recorded in seven months. As a result of the monthly rise, consumer confidence now stands 23.9 points above the level recorded in the same month a year ago. According to the Conference Board, "consumers were more positive in their assessment of current conditions, in particular the job market, and considerably more optimistic about the short-term outlook for business conditions, employment and their financial situation". The Board added that, in spite of the current economic uncertainty, "consumers are slightly more optimistic than they have been in several months".