Consumer confidence at record level

Tuesday, Jan. 25, 2000 | 10:44 a.m.

THE ASSOCIATED PRESS

NEW YORK -- Consumer confidence, a key indicator measuring the force behind the economy's long expansion, soared in January to the highest level ever reached in the 32 years that the data has been compiled, the Conference Board reported today.

"People looking for confirmation that the consumer confidence bubble will soon burst have a further wait in store," said Lynn Franco, research director for the Conference Board.

"An expanding global economy and a robust job market suggest that consumer optimism and consumer spending could rise even further in coming months," Franco said.

The consumer confidence index rose to 144.7 in January, up from 141.7 in December.

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