RTTNews - Consumer confidence has rebounded in the month of August after seeing some deterioration in July, according to a report released by the Conference Board on Tuesday, with the increase partly due to an improvement in consumers' assessment of the job market.

The Conference Board said its consumer confidence index jumped to 54.1 in August from an upwardly revised 47.4 in July. Economists had been expecting the index to increase to 47.9 from the 46.6 originally reported for the previous month.

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