Consumer Confidence Improves in October

New York, NY, Oct. 28, 2014 -- The Conference Board Consumer Confidence Index rebounded in October after declining in September.

The index now stands at 94.5, up from 89.0 in September.

The Present Situation Index edged up from 93.0 to 93.7, while the Expectations Index increased sharply to 95.0 from 86.4 in September.

“A more favorable assessment of the current job market and business conditions contributed to the improvement in consumers’ view of the present situation," said Lynn Franco, director of economic indicators at The Conference Board.

"Looking ahead, consumers have regained confidence in the short-term outlook for the economy and labor market, and are more optimistic about their future earnings potential. With the holiday season around the corner, this boost in confidence should be a welcome sign for retailers.”