Consumers Gaining Confidence as Gas Prices Keep Falling

(AP) — U.S. consumers grew more confident for the second month in a row as gas prices continued to fall.
The Conference Board said Tuesday that its consumer confidence index rose to 108 in September, from 103.6 in August.
The back-to-back monthly increases follow three straight monthly declines as American households were hammered by rising prices, particularly at the gas pump.
The business research group’s present situation index — which measures consumers’ assessment of current business and labor market conditions — also rose again, to 149.6 in September from 145.3 in August.
The board’s expectations index — a measure of consumers’ six-month outlook for income, business and labor conditions — rose to 80.3 in September from 75.8 in August.
Analysts surveyed by data provider FactSet had expected consumer confidence rise slightly as gas prices have fallen from highs this summer of more than $5 per gallon. AAA motor club says the average price for a gallon of gas in the U.S. fell to $3.75 on Tuesday.
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