Consumer confidence climbed last week to a seven-year high as cheaper gasoline and traction in the labor market boosted Americans’ views of the buying climate and economy.
Consumer confidence climbed last week to a seven-year high as cheaper gasoline and traction in the labor market boosted Americans’ views of the buying climate and economy.
Both contributing measures of consumer confidence influenced a sizable headline decline during September, as the Conference Board’s widely-watched index fell to 86.0 from 93.4.
Americans in January became the least pessimistic about the economic outlook in five months amid signs the expansion was gaining momentum heading into 2014.
American consumers in 2013 were more upbeat than at any time in the previous six years as views on the economy, finances and the buying climate improved.
The euro advanced for a sixth day against the dollar, the longest streak in almost a year, as regional finance ministers met in an attempt to break a deadlock about a single resolution mechanism for failed European banks.
