US Economy

US consumer confidence rises to six-year high

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Shoppers walk through Herald Square, outside Macy's on 34th Street on May 1, 2014 in New York City.
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U.S. consumer confidence rose in June to the highest level since January 2008, according to a private sector report released on Tuesday.

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The Conference Board, an industry group, said its index of consumer attitudes rose to 85.2 in June from a downwardly revised 82.2 in May. Economists had expected a reading of 83.5, according to a Reuters poll.

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The index for May was originally reported as 83.

The expectations index rose to 85.2 in June from a downwardly revised 83.5 in May, while the present situation index increased to 85.1 versus an downwardly revised 80.3 last month.

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Consumers saying jobs are "hard to get" slipped to 31.8 percent from 32.2 percent, revised from 32.3 percent in May.

—By Reuters

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