Consumer Confidence Unexpectedly Jumps in September

Politics Dow Jones Newswires

Consumers' outlook on U.S. economy improved this month, suggesting Americans were not rattled by recent global turmoil.

The Conference Board, a private research group, said on Tuesday its index of consumer confidence increased to 103.0 in September from a revised 101.3 in August. The initial August reading was 101.5.

Economists surveyed by The Wall Street Journal had forecast the latest index to fall to 97.0.

"Consumers' more positive assessment of current conditions fueled this month's increase," said Lynn Franco, director of economic indicators at the board. "While consumers view current economic conditions more favorably, they do not foresee growth accelerating in the months ahead."

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