Investing.com - U.S. consumer confidence rose more-than-expected in June, hitting the highest level since January 2008, industry data showed on Tuesday.
In a report, the Conference Board, a market research group said its index of consumer confidence rose to 81.4 in June from a reading of 74.3 in May, whose figure was revised down from 76.2.
Analysts had expected the index to rise to 75.4 in June.
Commenting on the report, director of The Conference Board Consumer Research Center Lynn Franco said, “Consumers are considerably more positive about current business and labor market conditions than they were at the beginning of the year.”
Following the release of the data, the U.S. dollar added to gains against the euro, with EUR/USD shedding 0.32% to trade at 1.3078.
Meanwhile, U.S. equity markets remained higher. The Dow Jones Industrial Average rose 0.5%, the S&P 500 index tacked on 0.6%, while the Nasdaq Composite index was up 0.6%.
In a report, the Conference Board, a market research group said its index of consumer confidence rose to 81.4 in June from a reading of 74.3 in May, whose figure was revised down from 76.2.
Analysts had expected the index to rise to 75.4 in June.
Commenting on the report, director of The Conference Board Consumer Research Center Lynn Franco said, “Consumers are considerably more positive about current business and labor market conditions than they were at the beginning of the year.”
Following the release of the data, the U.S. dollar added to gains against the euro, with EUR/USD shedding 0.32% to trade at 1.3078.
Meanwhile, U.S. equity markets remained higher. The Dow Jones Industrial Average rose 0.5%, the S&P 500 index tacked on 0.6%, while the Nasdaq Composite index was up 0.6%.