US Consumer Confidence Rises to Highest Level Since Early 2022
- Fewer Americans see recession ahead, Conference Board says
- Consumers also indicated they may pull back on major purchases
Shoppers browse shirts at a clothing store in Atlanta, Georgia.
Photographer: Dustin Chambers/BloombergThis article is for subscribers only.
US consumer confidence increased to the highest level since the start of last year on greater optimism about the labor market and the economic expansion.
The Conference Board’s index rose to 109.7 this month from 102.5 in May, data out Tuesday showed, exceeding all estimates in a Bloomberg survey of economists.