The index rose 12.3 points to 98.0 this month, marking the first monthly rise since November. This month's reading was better than the 87.1 forecast.

The nonprofit research organization The Conference Board announced Tuesday that the confidence of American consumers in regard to current business and labor market conditions is on the rise but notes

Americans are starting to feel better about the economy. Kelly O'Grady explains what's driving the rise in consumer confidence and what it could signal for future spending.