Confidence hits two-year high

NEW YORK — Buoyed by an improving jobs outlook, consumer confidence jumped up for a fourth consecutive month in June, rising 3.2 percent to a reading of 106.1, up from 102.8 in June, The Conference Board reported.

The bellwether gauge of consumer sentiment — a widely watched barometer of future consumer spending, the engine that drives the U.S. economy — now stands at its highest level in two years, since June 2002, when it reached a level of 106.3.

"The spring turnaround has been fueled by gains in employment, and unless the job market sours, consumer confidence should continue to post solid numbers," said Lynn Franco, director of The Conference Board's Consumer Research Center.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.

CURRENT ISSUE

HTT Cover October 2017

See the October 2017 issue of Home & Textiles Today. In this issue, we look at the Top 25 Online Retailers.  H&TT's exclusive annual ranking of the biggest online sellers of home textiles finds that while pure play etailers continue to fly, bricks & clicks are digging into omnichannel. See details!