By  on November 1, 2012

Consumer confidence in October was bolstered by an improving job market, but while the index at 72.2 is nearly at its highest level in five years, it is still below a reading of 90 that is considered representative of a healthy economy.

The two components of the Consumer Confidence Index also rose this month. The Present Situation Index increased to 56.2 from 48.7, while the Expectations Index is up to 82.9 from 81.5.

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