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Consumer confidence edges up

September 30 2008

The Conference Board Consumer Confidence Index edged up in September. It now stands at 59.8 (1985=100), compared with 58.5 in August.

"September's increase in the Consumer Confidence Index was due solely to an improvement in the short-term outlook," said Lynn Franco, director of The Conference Board consumer research center. "However, these results did not capture all of the tumultuous events in the financial sector this month, and until the dust settles a bit more, we will not know the full impact on consumers' expectations."

The consumer confidence survey is based on a representative sample of 5,000 U.S. households.

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