The index jumped from 101.8 in August to 104.1 in September, the highest level its been since the start of the financial crisis in August 2007, the New York City-based research group said on Tuesday. Economists expected September’s index to fall to 99.1, according to the report.
“Consumers’ assessment of present-day conditions improved, primarily the result of a more positive view of the labor market,” said Lynn Franco, director of economic indicators for New York City-based Conference Board. “Looking ahead, consumers are more upbeat about the short-term employment outlook, but somewhat neutral about business conditions and income prospects.”
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