The organization The Conference Board reported that thanks to growing optimism about the economic situation in the short term, U.S. consumer confidence rose this month to its highest level since 2008 when it came to 76.4 points.
The confidence index rose in February up to 70.4 points compared with 64.8 in which was placed in January, when he also recorded a strong rise.
This rise has been “CONSEQUENCES growing optimism about the economy in the short term” Said the published data the director of the Center for Consumer Research at The Conference Board, Lynn Franco.
The sub-index measuring consumer confidence in the current U.S. economy and labor market rose from 31.1 points in January to 33.4 points this month.
Moreover, the sub-index measuring up confidence manifested by the consumer regarding what will be the economic and employment outlook within six months, reached in February, 95.1 points, from 87.3 in January.
The Consumer confidence index can approximate the spending intentions of consumers asking for their current perceptions and future expectations for the economy, household economy and employment. The purpose of this indicator is a useful tool to interpret and predict the evolution of consumption private.
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