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U.S. consumer confidence at 2-year high

WASHINGTON (CBS.MW) - U.S. consumer confidence improved sharply in June to the highest level in two years, the Conference Board said Tuesday.
The board's consumer confidence index rose to 101.9 in June from 93.1 in May.
Economists surveyed by CBS MarketWatch were looking for a much smaller gain to about 95.
The present situation index jumped to 104.8 from 90.5 in May, also the highest in two years.
The expectations index rose to 100.0 from 94.8.
The view of the current economy improved considerably.
The percentage of consumers who say the economy is good rose to 25.6 percent from 22.2 percent.
The job outlook also improved, with the percentage saying jobs are hard to get falling to 26.5 percent from 30.3 percent.

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10:00am 06/29/04 U.S. JUNE CONSUMER CONFIDENCE 101.9 VS. 93.1 IN MAY

10:00am 06/29/04 U.S. JUNE PRESENT SITUATION INDEX 104.8 VS. 90.5 IN MAY

10:00am 06/29/04 U.S. JUNE EXPECTATIONS INDEX 100.0 VS. 94.8 IN MAY