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U.S. consumer confidence index reached the highest level since 2007
The Conference Board released its consumer confidence index today. The index rose to 92.4 in August from a 90.3 in July, beating forecasts for a decline to 89.1. July's figure was revised down from 90.9. That was the highest level since October 2007.
Lynn Franco, director of economic indicators at the Conference Board, said that consumer confidence in the U.S. rose for the fourth consecutive month.
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