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U.S. consumer confidence rises a bit in Sept.

NEW YORK – Sept. 29, 2015 – The Conference Board Consumer Confidence Index increased in August, and it rose a bit higher again this month.
The September Index stands at 103.0, up from 101.3 in August. The Present Situation Index that measures attitudes about today increased from 115.8 last month to 121.1. The Expectations Index that measures attitudes about the future edged down to 91.0 from 91.6 in August.
“Consumer confidence increased moderately in September following August’s sharp rebound,” says Lynn Franco, director of economic indicators at The Conference Board. “Consumers’ more positive assessment of current conditions fueled this month’s increase, and drove the Present Situation Index to an 8-year high (Sept. 2007). Consumers’ expectations for the short-term outlook, however, remained relatively flat, although there was a modest improvement in income expectations.”
Present conditionsConsumers saying business conditions are “good” increased from 23.7 percent to 28.0 percent, while those claiming business conditions are “bad” declined modestly from 17.8 percent to 16.7 percent.
Consumers were somewhat mixed about the job market. Those stating jobs are “plentiful” increased from 22.1 percent to 25.1 percent, however those claiming jobs are “hard to get” also rose – from 21.7 percent to 24.3 percent.
Future expectationsConsumers’ optimism about the short-term outlook was little changed in September. The percentage expecting business conditions to improve over the next six months increased from 16.6 percent to 17.9 percent, but those expecting business conditions to worsen also increased from 9.1 percent to 10.3 percent.
Consumers’ outlook for the future labor market was also mixed. The proportion anticipating more jobs in the months ahead was virtually unchanged at 15.0 percent, while those anticipating fewer jobs increased from 14.5 percent to 15.8 percent.
The proportion of consumers expecting their incomes to increase improved from 16.2 percent to 19.1 percent, while the proportion expecting a decline inched up from 9.8 percent to 10.1 percent.
Nielsen conducts the monthly Consumer Confidence Survey for The Conference Board. The cutoff date for the preliminary results was Sept. 17.
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Source: Florida Realtors Feed

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