Consumer Confidence Surges In August
One of two consumer confidence surveys due out this week was released moments ago and the first one showed that confidence jumped from July to August.
According to the Conference Board, the private economic research organization, its consumer confidence index jumped from 47.4 in July to 54.1 in August, hitting its highest level since December 2007.
The survey talks to 5,000 households, which is significantly more than the Reuters/University of Michigan consumer confidence survey, which is due out Friday.
-- Frank Ahrens
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August 25, 2009; 10:01 AM ET
Categories: The Ticker | Tags: consumer confidence
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