Consumer confidence rose slightly in September after a sharp drop in August, according to a report released Tuesday from The Conference Board.
The Consumer Confidence Survey increased to 104.5, up from 100.2 in August. Consumers’ outlook for the next six months was more optimistic in September than in August. Those expecting business conditions to worsen dropped to 10.6 percent from August’s 12.9 percent. Improving business expectations remained the same, however, at 16.3 percent.
The labor market outlook improved slightly with those expecting more jobs to become available in the coming months moved up to 14.4 percent from 14.2 percent in August. Those expecting fewer jobs decreased to 17.1 percent from 18.1 percent in the previous month.
The Consumer Confidence Survey is based on a representative sample of 5,000 American households and is conduced for The Conference Board by TNS.