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Shoppers ride an escalator at a Target Store in Chicago, November 25, 201. Credit: Reuters/John Gress

U.S. consumer confidence rises to strongest since August 2007

(Reuters) – U.S. consumer confidence strengthened to its highest level in more than seven years in January on growing optimism about the jobs market and the overall economy, according to a private sector report released on Tuesday.

The Conference Board, an industry group, said its index ofconsumer attitudes jumped to 102.9 from an upwardly revised 93.1in December. Economists expected a January reading of 95.1, according to a Reuters poll. The December figure was originally reported as 92.6.

 

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