Increase in US home prices slightly less than forecast

30, 2016, the Conference Board releases its August index on US consumer confidence. The median projection in a Bloomberg survey of economists was 97, with estimates ranging from 94.5 to 99.8.

The consumer confidence index rose to 101.1 in August from a revised 96.7 in July, the Conference Board said Tuesday.

Economists said this supported views by Federal Reserve officials that the jobs market was either at or near full employment. This was also stronger than the expected reading of 97.2 for the month and the highest reading since September 2015.

"Consumer confidence improved in August to its highest level in almost a year, after a marginal decline in July", Lynn Franco, director of economic indicators at the trade group, said in a statement.

Their short-term outlook also brightened, with the share expecting business conditions to improve rising to 17.3% from 15.7%.

"Consumers' assessment of both current business and labour market conditions was considerably more favourable than last month", Lynn Franco, the Conference Board's head of economic indicators.

Man City go top with win over West Ham
West Brom nearly got a lucky break in the closing stages when Daniel Ayala's shot struck Guzan before bouncing away from goal . This season, with the arrivals of Gonzalo Higuain and Marko Pjaca, Zaza would have further struggled for game time at Juventus.

Turning to the current conditions, there was a rise in the number of people who held positive outlook about current conditions and very little change to the number of people who believed conditions were poor.

Those who said business conditions are good increased from 27.3 percent to 30 percent and those who said conditions are bad remained virtually unchanged at 18.4 percent.

According to Blerina Uruci of Barclays Research, the higher reading suggests consumer spending will be on the upswing. Many economists are looking for a gain of around 180,000 jobs.

The survey's so-called labor market differential, derived from data about respondents who think jobs are hard to get and those who think jobs are plentiful, was the most favorable since January 2008.

The percentage of consumers who expect their income to increase improved from 17.1 percent to 18.8 percent; the proportion who expect a decline decreased marginally from 11 percent to 10.7 percent.


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