Confidence among American consumers climbed in October to a more than four-year high, which may help drive bigger gains in the largest part of the economy.
The Conference Board’s sentiment index increased to 72.2, the highest since February 2008, from a revised 68.4 in September, figures from the New York-based private research group showed today. The figure was projected to rise to 73, according to the median estimate of economists surveyed by Bloomberg.
Source: Businessweek. Read full article. (link)