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"Our view is that steady improvements in the labor market, gains in household wealth, and improving consumer confidence are likely to support faster real GDP growth in the second half," Hughes said.
"It reflects a steadily improving economy and therefore, steadily improving consumer confidence".
Fewer initial jobless claims, improving consumer confidence, rising stock prices and a jump in building permits paced the increase.
Of course, it can work in a different way by driving the price of risky assets and improving consumer confidence.
Pantheon Macroeconomics said on Monday that it still anticipated American economic growth to gain steam this year, driven by improving consumer confidence.
UK data showing rising house prices, improving consumer confidence and stronger than expected activity in both services and manufacturing had helped the index clock up some modest gains.
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But could improved consumer confidence actually translate into improved consumer spending, which could help stimulate the economic recovery?
Improved consumer confidence will also lead to higher spending.
Furthermore, overall markedly improved consumer confidence and rising employment is likely to continue to support housing market activity.
The consumer-oriented objectives of the Regulation are to increase transparency, improve consumer confidence in food stuffs and provide for the public health.
In Japan, exporters like Sony and Samsung Electronics led gains after reports Friday showed improved consumer confidence and factory production in the United States.
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CEO of Professional Science Editing for Scientists @ prosciediting.com