After a drop in August, the Conference Board’s Consumer Confidence Index rose to 70.3 from 61.3 in August. Other key indices including the Board’s Expectations Index grew as well, rising from 71.1 to 83.7, while the Present Situation Index rose to 50.2 from 46.5 in August.
The indices reflect surveys conducted by Nielsen for the Conference Board.
What this translates to, in terms of consumer attitudes, is a general improvement in the outlook consumers feel about economic issues. Lynn Franco, Director of Economic Indicators at The Conference Board says of the shift: “The Consumer Confidence Index rebounded in September and is back to levels seen earlier this year. 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. Despite continuing economic uncertainty, consumers are slightly more optimistic than they have been in several months.”
For the complete results of this month's index, click here.