Survey: Consumer confidence increases, still 'historically low'

The economy, and voters’ perception of current conditions, is expected to play a central role in November’s election, as President Obama seeks a second term with unemployment currently north of 8 percent.

“Given the current economic environment — in particular the weak labor market — consumer confidence is not likely to gain any significant momentum in the coming months,” Lynn Franco, the board’s director of economic indicators, said in a statement.

As Franco also noted, the index found that consumers’ expectations improved, but that their sense of current conditions took a slight dip. 

The Conference Board numbers also rose while other confidence indicators have declined. Gallup’s economic confidence index fell last week, the polling company announced Tuesday, dropping to levels last seen in January.