Economics
Consumer Confidence in U.S. Posts Biggest Gain in 17 Years
- Outlooks for jobs, economy drove improvement in September
- Sentiment remains below levels seen prior to pandemic
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Consumer confidence rebounded in September by the most in more than 17 years as Americans grew more upbeat about the outlook for the economy and job market, though sentiment remained below pre-pandemic levels.
The Conference Board’s index increased 15.5 points, the most since April 2003, to 101.8 from August’s upwardly revised 86.3, according to a report issued Tuesday. The median forecast in a Bloomberg survey of economists called for a reading of 90 in September, and the figure exceeded all estimates.