Consumer confidence in September had largest gain in 17 years

September Consumer Confidence: 101.8 vs. 88.8 consensus, 84.8 prior (revised).

That's the largest jump for this gauge in 17 years, and has apparently crashed the Conference Board site. More details when it comes back up ...

Present Situation confidence up to 98.5 from 85.8.

Expectations up to 104.0 from 86.6.

Those claiming business conditions are good rose to 18.3% from 16%; those claiming bad fell to 37.4% from 43.3%. Those saying jobs are "plentiful" rose to 22.9% from 21.4%; those saying "hard to get" fell to 20% from 23.3%.

The Conference Board's Lynn Franco notes the headline gauge (101.8) remains below pre-pandemic levels.

https://seekingalpha.com/news/3618030-consumer-confidence-to-moon-in-september-largest-gain-in-17-years