The Consumer Confidence Index, tracked by the Conference Board, improved in June 2013 for the third month in a row. The index was at 81.4 in June, from 74.3 in May 2013. The last time the index topped this level was January 2008, when the index was at 87.3.
One index component, the Present Situation Index, was up from 64.8 in May 2013 to 69.2 in June 2013. Another component, the Expectations Index, was up from 80.6 in May to 89.5 in June.
"Consumers are considerably more positive about current business and labor market conditions than they were at the beginning of the year," said Lynn Franco, Director of Economic Indicators at The Conference Board. "Expectations have also improved considerably over the past several months, suggesting that the pace of growth is unlikely to slow in the short-term, and may even moderately pick up."
to Daily News