US consumer confidence jumps to highest level since early 2022
The American consumer’s confidence jumped in June to its highest level in 18 months as a strong labor market continues to buoy the U.S. economy
By MATT OTT
Published - Jun 27, 2023, 10:18 AM ET
Last Updated - Jun 27, 2023, 10:18 AM EDT
WASHINGTON (AP) — The American consumer's confidence jumped in June to its highest level in 18 months as a strong labor market continues to buoy the U.S. economy.
The Conference Board reported Tuesday that its consumer confidence index rose to 109.7 in June from 102.5 in May. That's the highest the reading has been since January of 2022.
The business research group’s present situation index — which measures consumers’ assessment of current business and labor market conditions — rose to 155.3 from 148.9 in May.
The board’s expectations index — a measure of consumers’ six-month outlook for income, business and labor conditions — climbed to 79.3 this month from 71.5 in May.
