Sunday, Oct 23, 2016
One of America's Great Newspapers ~ Toledo, Ohio


U.S. consumer confidence reaches a 6-year high

Americans more optimistic about job market

WASHINGTON  — U.S. consumers are more confident about the economy than they have been in more than six years.

The Conference Board says its confidence index rose to 85.2 this month from a revised 82.2 in May. The June figure is the highest since January 2008, a month after the Great Recession officially began.

More Americans are optimistic about business conditions and the outlook for jobs, though they’re less confident that their incomes will grow.

The index compiled by the Conference Board, a private research group, shows that confidence has been rising steadily since bottoming at 25.3 in February 2009.

It still hasn’t returned to full health. Before the recession, the index usually topped 90.

Consumers’ attitudes are closely watched because their spending accounts for about 70 percent of U.S. economic activity.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…