Aug. Consumer Confidence Climbs More Than Expected

The Conference Board, a private research group, said Tuesday that its Consumer Confidence Index rose to 53.5, up from a revised 51.0 in July. Economists surveyed by Thomson Reuters (TRI)  had expected 50.5. “Expectations about future business and labor market conditions have brightened somewhat, but overall, consumers remain apprehensive about the future,” said in a statement Lynn Franco, director of the Conference Board Consumer Research Center.

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