By  on August 27, 2008

Consumers felt more optimistic in August and better than they have in two years, but their optimism is still half of what it was a year ago.

The Conference Board Consumer Confidence Index is at 56.9, up from 51.9 in July and beating the consensus estimates of economists of an index of 53. However, while the latest result reflects the second month in a row that consumer sentiment improved and the largest gain since August 2006, there’s still much room for improvement from what the index was a year ago at 105.6.

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