The consumer confidence index rose to 101.5 in August from a revised 91.0 last month, The Conference Board reported Tuesday.
The June index was originally reported as 90.9.
Economists polled by Thomson Reuters predicted a 93.3 reading for the index.
The present situation index jumped to 115.1 from a revised 104.0, first reported as 107.4, while the expectations index gained to 92.5 from a revised 82.3, first reported as 79.9.
"Consumer confidence rebounded in August, following a sharp decline in July," said Lynn Franco, director of The Conference Board's economic indicators. "Consumers' assessment of current conditions was considerably more upbeat, primarily due to a more favorable appraisal of the labor market. The uncertainty expressed last month about the short-term outlook has dissipated and consumers are once again feeling optimistic about the near future. Income expectations, however, were little improved."
Business conditions were called "good" by 23.2% of respondents in August, off from 23.4% in July. Those saying conditions are "bad" fell to 17.6% from 18.2%.
The percentage of consumers expecting a pickup in business conditions in the next half year climbed to 15.8% from 15.3%, while 8.3% said they expect conditions to worsen, down from 10.3% in the prior month.
On the jobs front, those who believe jobs are "plentiful" gained to 21.9% in August from 19.9% in July, while the number saying jobs are "hard to get" slid to 21.9% from 27.4%. The respondents who see fewer jobs becoming available in a half year, decreased to 13.6% from 19.0%. Those expecting more jobs to become available rose to 14.6% from 13.7%, The Conference Board reported.
The consumer confidence survey is based on a probability design random sample by the Nielsen Company.
