- Americans’ confidence in the economy rose to its highest level in more than five years, bolstered by a more optimistic outlook for hiring.
- Consumer confidence index jumped to 81.4 in June. That’s the best reading since January 2008.
- Consumers’ confidence in the economy is watched closely because their spending accounts for about 70 percent of U.S. economic activity.
- Consumers are more positive about current economic conditions and have a more optimistic view of the economy and job market in the next six months.
- Rising home prices are also likely making Americans feel wealthier and more confident about spending. Home prices jumped 12.1 percent in April compared with a year ago.
Categories: Capital Markets