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Surge in US consumer confidence

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WASHINGTON, USA — (AP) US consumers welcomed the new year with a surge in confidence.

The Conference Board reported yesterday that its consumer confidence index climbed this month to 102.9, its highest level since August 2007 – four months before the start of the Great Recession. January’s figure was up from a revised 93.1 in December.

“Consumers started the year in a buoyant mood,” Andrew Hunter, an analyst at Capital Economics, wrote in a research note.

Americans haven’t felt this good about current economic conditions since January 2008. And they are the most optimistic they’ve been since February 2011 about business conditions over the next six months.

Published in the Observer
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