US Consumer Confidence Rebounds

The Conference Board Consumer Confidence Index increased in September, after declining in August.

The US index reached 101.8, up from 86.3 in August.

The Present Situation Index increased from 85.8 to 98.5, while the Expectations Index increased from 86.6 in August to 104.0 this month.

“Consumer Confidence increased sharply in September, after back-to-back monthly declines, but remains below pre-pandemic levels,” said Lynn Franco, Senior Director of Economic Indicators at The Conference Board.

“A more favorable view of current business and labor market conditions, coupled with renewed optimism about the short-term outlook, helped spur this month’s rebound in confidence. Consumers also expressed greater optimism about their short-term financial prospects, which may help keep spending from slowing further in the months ahead.”