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U.S. consumer confidence posts biggest increase since late 2011

From bnnbloomberg.ca

U.S. consumer confidence rose in June by more than forecast as optimism increased amid business reopenings, though sentiment remained well below pre-pandemic levels. The Conference Board’s index jumped by 12.2 points to 98.1, the biggest one-month gain since late 2011, according to a report Tuesday. The median estimate in a Bloomberg survey of economists had called for a reading of 91.5. The group’s subindex of expectations, based on consumers’ outlook for income, business and labor market conditions, rose to a four-month high of 106. Attitudes about the present situation gained 17.8 points to 86.2 -- the largest ... (full story)

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  • Category: Fundamental Analysis