Consumer Confidence Index Shows Big September Increase Sep 26, 2012

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After an August decline, the Conference Board Consumer Confidence Index improved in September 2012 to reach 70.3. The index is up from 61.3 in August. One component of the Consumer Confidence index, the Expectations Index, increased from 71.1 in August to 83.7 in September. Another component, the Present Situation Index, rose from 46.5 in August to 50.2 in September.

"The Consumer Confidence Index rebounded in September and is back to levels seen earlier this year (71.6 in February 2012)," said Lynn Franco, Director of Economic Indicators at The Conference Board. "Consumers were more positive in their assessment of current conditions, in particular the job market, and considerably more optimistic about the short-term outlook for business conditions, employment and their financial situation. Despite continuing economic uncertainty, consumers are slightly more optimistic than they have been in several months."

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