October’s increase in confidence was broad-based across all age groups and most income groups, The Conference Board said. Analysts forecasted a more modest reading.
WASHINGTON — American consumers are feeling quite a bit more confident this month as Election Day approaches, a business research group says.
The Conference Board said Tuesday that its consumer confidence index jumped to 108.7 in October from 99.2 in September. It was the biggest monthly gain since March of 2021. Analysts forecast a more modest reading of 99.3.
The consumer confidence index measures both Americans’ assessment of current economic conditions and their outlook for the next six months.
