U.S. consumer confidence surged in February, building off its rebound from January and reaching the highest level since 2000.
CNBC reported that the Conference Board’s measure of consumer attitudes on current and future economic conditions increased to 130.80 in February, up from 124.30 in January.
The newest reading is the index’s highest since November 2000, when confidence peaked at 132.60.
“Despite the recent stock market volatility, consumers expressed greater optimism about short-term prospects for business and labor market conditions, as well as their financial prospects,” said Conference Board’s Director of Economic Indicators Lynn Franco. “Overall, consumers remain quite confident that the economy will continue expanding at a strong pace in the months ahead.”
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