US consumer confidence hits high

Comment on this story
111us_flag .

New York - Consumer confidence in the United States rose three points in June to its highest level since January 2008, according to the long-running Conference Board survey released on Tuesday.

The New York-based business think tank's consumer confidence index for June stood at 85.2 points, up from 82.2 in May.

“Consumer confidence continues to advance and the index is now at its highest level since January 2008,” said Lynn Franco, the Conference Board's director of Economic Indicators.

“June's increase was driven primarily by improving current conditions, particularly consumers' assessment of business conditions.”

“Expectations regarding the short-term outlook for the economy and jobs were moderately more favourable, while income expectations were a bit mixed. Still, the momentum going forward remains quite positive,” she added. - Sapa-dpa

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines