Consumers in the U.S. see the economy again with more optimism than last month. One reason seems to be the good prospects on the labor market.
According to a private research group, the numbers have improved significantly. The index developed specifically to measure these values had been in August to a record high since the last economic crisis in 2007. According to a survey of economists on Wall Street, they had initially predicted a fall, which has not occurred.
Another positive was the report from S&P Shiller, which said that home prices had risen 6.2%. The Conference Board survey also shows that consumers are more optimistic about the labor market. Consumers are especially more optimistic about current labor market progress, said Gennadiy Goldberg, U.S. strategist at TD Securities. Plans for new purchases for cars and homes are also up.