Consumer Confidence in U.S. Climbs to an Almost One-Year High
- Americans most upbeat since 2007 about present conditions
- Labor conditions remain strong, income expectations climb
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Consumer confidence increased to an almost one-year high in August as Americans became more optimistic about the labor market, according to a report from the New York-based Conference Board on Tuesday.
Strong employment that’s generating steadily rising pay is keeping Americans upbeat about the economy and its prospects. The biggest share of respondents since March 2015 said they expected their incomes to increase in the next six months, the report showed. Such optimism signals that consumer spending, coming off the best quarter since the end of 2014, will stay robust and provide the economy with a leg up in the third quarter.