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Tags: u.s. consumer confidence | discretionary spending | economy | inflation

US Consumer Confidence Rises for 2nd Straight Month

US Consumer Confidence Rises for 2nd Straight Month
Shoppers at the Shops & Restaurants at Hudson Yards, New York (Getty Images)

Tuesday, 27 September 2022 10:16 AM EDT

U.S. consumer confidence increased for a second straight month in September, lifted by labor market resilience and falling gasoline prices, a survey showed on Tuesday.

The Conference Board said its consumer confidence index rose to 108.0 this month from 103.6 in August. Economists polled by Reuters had forecast the index climbing to 104.5.

The survey's present situation index, based on consumers' assessment of current business and labor market conditions, increased to 149.6 from 145.3 in August. Its expectations index, based on consumers' short-term outlook for income, business and labor market conditions, increased to 80.3 from 75.8 in August.

© 2022 Thomson/Reuters. All rights reserved.


StreetTalk
U.S. consumer confidence increased for a second straight month in September, lifted by labor market resilience and falling gasoline prices, a survey showed on Tuesday.
u.s. consumer confidence, discretionary spending, economy, inflation
98
2022-16-27
Tuesday, 27 September 2022 10:16 AM
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