Industry News

Consumer confidence rebounds

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The Conference Board today announced that its Consumer Confidence Index gained in September -- rising from 100.2 to 104.5 -- as Americans expect more jobs and rising incomes in the coming months. "A more favorable assessment of current conditions coupled with a less pessimistic short-term outlook boosted consumer confidence this month," said Lynn Franco, director of The Conference Board Consumer Research Center. "However, even though consumers' concerns have eased, there is little to suggest a significant change in economic activity as we enter the final quarter of 2006." Consumers' appraisal of ongoing conditions improved in September, as the present situation index increased to 127.7 from 123.9. Those claiming conditions are "good" increased to 27.4 percent from 26.2 percent. Those claiming conditions are "bad" eased to 15.4 percent from 16.6 percent. Labor market conditions were mixed, as consumers saying jobs are "plentiful" improved to 25.9 percent from 24.5 percent, while thos...