U.S. Economy

(CN) - Consumer confidence in the United States rose to the highest level since October in June, the Conference Board said.

According to the Conference Board, its consumer confidence index rose to 98 in June from 92.4 in May, snapping a two-month losing streak.

The monthly Consumer Confidence Survey, based on a probability-design random sample, is conducted for The Conference Board by Nielsen, the data analytics firm. It measures how consumers assess current conditions as well as their outlook for the next six months.

Americans view of current conditions was the most positive since September. Their expectations for the future also grew sunnier as did their outlook for the strength of the job market, the survey found.

The latest sampling of opinion was conducted before Britain voted last week to leave the European Union, a development that shook global financial markets.

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