Business

Survey: US consumer confidence near a 7-year high

By Christopher Rugaber
Published August 26, 2014 3:14pm ET
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Survey: US consumer confidence near a 7-year high
In this May 17, 2014 photo, a shopper checks out with her lumber at a Home Depot in Boston. The Conference Board reports on consumer confidence in August on Tuesday, Aug. 26, 2014. (AP Photo/Gene J. Puskar) | Gene J. Puskar

WASHINGTON (AP) — U.S. consumer confidence this month reached its highest point in nearly seven years, boosted by strong job gains.

The Conference Board said Tuesday that its confidence index rose for a fourth straight month to 92.4 from 90.3 in July. The August reading is the highest since October 2007, two months before the Great Recession officially began.

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