Consumer Confidence Rises in January - Anticipation of improved conditions in business and the job market caused consumer confidence to inch up in January. Lynn Franco, Director of The Conference Board Consumer Research Center, reports that “consumers have begun the year in better spirits. As a result, the Index is now near levels not seen since last spring (May 2010, Index 62.7). Consumers rated business and labor market conditions more favorably and expressed greater confidence that the economy will continue to expand and generate more jobs in the months ahead. Income expectations are also more positive. Although pessimists still outnumber optimists, the gap has narrowed.” Read article:
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