Conference Board News Release (10/28/14)
The Conference Board Consumer Confidence Index rose from 89.0 in September to 94.5 in October. The Present Situation Index edged up from 93.0 to 93.7, and the Expectations Index rose from 86.4 to 95.0.
“Consumer confidence, which had declined in September, rebounded in October,” says Lynn Franco, director of economic indicators at the Conference Board. “A more favorable assessment of the current job market and business conditions contributed to the improvement in consumers’ view of the present situation. Looking ahead, consumers have regained confidence in the short-term outlook for the economy and labor market, and are more optimistic about their future earnings potential.”
Consumers anticipating more jobs in the months ahead increased from 16.0% to 16.8%, and those anticipating fewer jobs fell from 16.9% to 13.9%.