Topics: National News

News Summary: US consumer confidence edges up

|
News,Nation

WASHINGTON (AP) — FEELING UPBEAT: Americans' confidence in the economy inched closer to a 5 ½-year high on rosier expectations for the next six months.

THE NUMBERS: The Conference Board, a New York-based private research group, said consumer confidence index rose to 81.5 in August. That's up from a revised reading of 81 in July. And it's just below the 82.1 reading in June, which was the highest since January 2008.

EXPECTING BETTER PAY: Consumers' income expectations, which fell earlier this year after a January tax hike, rebounded to the highest level in 2 ½ years.

View article comments Leave a comment