Consumer confidence reaches post-recession high
Consumer confidence increased in September for the second month running and is now at its highest level since the Great Recession, according to the Conference Board.
Consumersê assessment of present-day conditions improved, primarily the result of a more positive view of the labor market, said Lynn Franco, director of economic indicators at the Conference Board. Overall, consumers continue to rate current conditions favorably and foresee moderate economic expansion in the months ahead.
More confident consumers, of course, are often more willing to spend money on big-ticket items like cars. Many observers also believe that consumersê confidence in the economy affects the way they vote.Download Bulletin PDF