Consumer Confidence remains high
Consumer confidence in October increased to 137.9, compared to a downwardly revised September figure.
The latest tally is up from 135.3 in September, revised from 138.4. Last year at this time, Consumer Confidence stood at 126.2.
The Present Situation Index – based on consumers’ assessment of current business and labor market conditions – improved from 169.4 to 172.8.
“Consumer Confidence increased in October, following a modest gain in September, and remains at levels last seen in the fall of 2000,” said Lynn Franco, senior director of economic indicators at The Conference Board. In September 2000, the figure was 142.5.
“Consumers’ assessment of present-day conditions remains quite positive, primarily due to strong employment growth,” Franco continued. “The Expectations Index posted another gain in October, suggesting that consumers do not foresee the economy losing steam anytime soon. Rather, they expect the strong pace of growth to carry over into early 2019.”
See the full Conference Board report here.
The latest tally is up from 135.3 in September, revised from 138.4. Last year at this time, Consumer Confidence stood at 126.2.
The Present Situation Index – based on consumers’ assessment of current business and labor market conditions – improved from 169.4 to 172.8.
“Consumer Confidence increased in October, following a modest gain in September, and remains at levels last seen in the fall of 2000,” said Lynn Franco, senior director of economic indicators at The Conference Board. In September 2000, the figure was 142.5.
“Consumers’ assessment of present-day conditions remains quite positive, primarily due to strong employment growth,” Franco continued. “The Expectations Index posted another gain in October, suggesting that consumers do not foresee the economy losing steam anytime soon. Rather, they expect the strong pace of growth to carry over into early 2019.”
See the full Conference Board report here.