Economics
Consumer Confidence in U.S. Improves on Outlook for Economy
- Conference Board’s measure increases to 89.3 in January
- Gauge of expectations reaches highest level in three months
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U.S. consumer confidence rose in January as Americans grew more upbeat about the outlook for the economy and job market in light of further fiscal aid and the distribution of coronavirus vaccines.
The Conference Board’s index of sentiment increased to 89.3 from a revised 87.1 reading in December, according to a report on Tuesday. The median forecast in a Bloomberg survey of economists called for a reading of 89.