U.S. consumer confidence reaches a six-year high

The Conference Board’s confidence index rose to 85.2 this month from a revised 82.2 in May, the private research group said Tuesday. The June figure is the highest since January 2008, a month after the Great Recession officially began.
By PAUL WISEMAN, Associated Press Published: June 25, 2014
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Financial update

Buyer confidence hits 6-year high

U.S. consumers are more confident about the economy than they have been in more than six years.

The Conference Board’s confidence index rose to 85.2 this month from a revised 82.2 in May, the private research group said Tuesday. The June figure is the highest since January 2008, a month after the Great Recession officially began.

More Americans are optimistic about business conditions and the outlook for jobs, though fewer expect their incomes will grow over the next six months.

“Still, the momentum going forward remains quite positive,” said Lynn Franco, a Conference Board economist.

The index compiled by the Conference Board shows that confidence has been rising steadily since bottoming at 25.3 in February 2009. It’s well above last year’s average of 72.3. Before the recession, the index usually topped 90.