U.S. Consumer Confidence Increased in September - Conference Board Survey

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U.S. Consumer Confidence Increased in September - Conference Board Survey
Credit: © Reuters.

By Scott Kanowsky 

Investing.com -- U.S. consumer confidence grew by more than expected in September, according to a monthly report released on Tuesday, as a fall in gas prices helped assuage worries over the impact of inflation on household budgets.

The reading of the Conference Board's confidence survey for the period rose to 108.0, above economists' expectations of 104.5 and up from 103.6 in August.

"Concerns about inflation dissipated further in September—prompted largely by declining prices at the gas pump—and are now at their lowest level since the start of the year," said Lynn Franco, senior director of economic indicators at The Conference Board.

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