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Consumer Confidence Reaches Four-Year High
Americans were more upbeat about the country's economy last month than they have been since February 2008, says the New York City-based Conference Board.
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Americans were more upbeat about the country's economy last month than they have been since February 2008, says the New York City-based Conference Board. It credits growing optimism about the job market.
The group's consumer confidence index rose to 72.2 in October from 68.4 in September. Its gauges of current conditions and expectations for the next six months also advanced.
The Conference Board's findings echo those of the University of Michigan, whose October consumer sentiment index showed the highest level of confidence since September 2007. The university cited lower gasoline prices, housing market gains and job growth.
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