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U.S. Consumer Confidence Index Rises To 101.1 In August
By Kitco News

Tuesday August 30, 2016 10:04

http://www.kitco.com/news/2016-08-30/U-S-Consumer-Confidence-Index-Rises-To-101-1-In-August.html

Editor's Note: Updating earlier story with more details from report and comments from economists.

(Kitco News) -The Conference Board reported Tuesday that its index for U.S. consumer confidence rose to 101.1in August.

Consensus expectations from most news organizations had called for a reading of around 97.0 to 97.3.

The July reading was downwardly revised to 96.7 from 97.3.

“Consumers have been the main driver of economic growth this year, and today's consumer confidence reading suggests that the party isn't ending,” said Royce Mendes of CIBC Capital Markets. Mendes later added, “The reading is at the top end of the range seen since 2015 and is the highest level for the index in almost a year.”