By  on January 25, 2011

Consumers began the year in an upbeat mood, sending the Conference Board’s Consumer Confidence Index up 7.3 points to 60.6, its best mark in eight months.

Both components of the Index also saw gains, with the Present Situation Index rising to 31 from 24.9 last month and the Expectations Index increasing to 80.3 from 72.3. The overall figure and Expectations numbers were the highest since May, when they stood at 62.7 and 84.6, respectively, and the Present Situation measure the highest since the 42.3 registered in November 2008, two months after the financial meltdown.

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