By  on August 27, 2013

Consumers are a tiny bit more optimistic about short-term prospects, sending the Conference Board's Consumer Confidence Index up slightly to 81.5 from 81 last month.

Lynn Franco, director of economic indicators, said, “Consumer confidence increased slightly in August, a result of improving short-term expectations. Consumers were moderately more upbeat about business, job and earning prospects. In fact, income expectations, which had declined sharply earlier this year with the payroll tax hike, have rebounded to their highest level in two and a half years."

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