WASHINGTON -- Consumer confidence has risen this month as people said they are more optimistic about their situation and the short-term direction of the economy, the Conference Board reported Tuesday.
The group's Consumer Confidence Index was up nine points in September to 70.3 after declining in August. The increase came as other consumer confidence measures also have risen amid improving economic signs, particularly a nascent rebound in the housing market.
The index is roughly back to its February level, before a spike in gas prices and other factors helped drive it down through the spring and early summer.
"Despite continuing economic uncertainty, consumers are slightly more optimistic than they have been in several months,” said Lynn Franco, director of economic indicators at the Conference Board.