The Consumer Confidence Index rose in August to 122.9, despite expectations of a decline, The Conference Board announced Tuesday.
Economist polled by Reuters expected a decline to 120.3. This better-than-expected result puts consumer confidence at its second best level this year.
"Consumers' more buoyant assessment of present-day conditions was the primary driver of the boost in confidence," the Conference Board's director of economic indicators Lynn Franco said in a statement.
In August, consumers said jobs were even more "plentiful" than last month's report, up to 35.4 percent from 33.2 percent, while also saying jobs were not as "hard to get."
The Consumer Confidence Index beat expectations last month as well.
https://finance.yahoo.com/news/consumer-confidence-hits-122-9-140020680.html
Economist polled by Reuters expected a decline to 120.3. This better-than-expected result puts consumer confidence at its second best level this year.
"Consumers' more buoyant assessment of present-day conditions was the primary driver of the boost in confidence," the Conference Board's director of economic indicators Lynn Franco said in a statement.
In August, consumers said jobs were even more "plentiful" than last month's report, up to 35.4 percent from 33.2 percent, while also saying jobs were not as "hard to get."
The Consumer Confidence Index beat expectations last month as well.
https://finance.yahoo.com/news/consumer-confidence-hits-122-9-140020680.html
