Consumer Confidence in U.S. Unexpectedly Rose in September
- Conference Board's gauge reaches second-highest since 2007
- Share of Americans seeing jobs as plentiful increases
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Consumer confidence unexpectedly rose in September as a resilient labor market helped Americans shake off the effects of tumbling stock prices.
The Conference Board’s index advanced to 103, the second-highest level in eight years, from a revised 101.3 in August, the New York-based private research group said Tuesday. The median forecast in a Bloomberg survey called for a decline to 96.8. The cutoff date for the survey was Sept. 17.