Economics
U.S. Consumer Confidence Soars on Upbeat Views About Economy
- Conference Board index exceeded all economists’ forecasts
- Share of consumers who say jobs plentiful highest since 2000
Photographer: Kathy Tran/Bloomberg
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U.S. consumer confidence soared in June to a fresh pandemic high as Americans became more upbeat about the economy and job market.
The Conference Board’s index increased to 127.3 from an upwardly revised 120 reading in May, according to a report Tuesday. The June figure exceeded all forecasts in a Bloomberg survey of economists. Consumers also expected inflation to pick up in the coming year.