The Conference Board reported on Tuesday its U.S. consumer confidence went
up 4.4 points to 108.0 in September from an upwardly revised 103.2 (from 103.6)
in August.
Economists had foreseen consumer confidence to rise to 104.5.
The details of the survey showed that the September advance in the
headline index was due to increases both in the present situation index (+4.3
points to 149.6 this month) and the expectations index (+4.5 points to 80.3).
Commenting on the results of the last survey, Lynn Franco, Senior
Director of Economic Indicators at The Conference Board, noted that consumer
confidence improved in September for the second straight month supported in
particular by jobs, wages, and declining gas prices, but added that but
recession risks still persist.