Consumer Confidence Hits 18-year High
September 25, 2018
Consumer confidence increased in September, rising to the highest levels since the year 2000. The Consumer Board’s index rose to 138.4, up from August’s revised reading of 134.7. Economists had anticipated a decline to 132.
The index is a survey that measures American’s feelings on current economic conditions and where they see the economy going in the next six months. The present situation index, which measures American’s views of current conditions, increased slightly from 172.8 in August to 173.1. The future expectations index increased more substantially to 115.3, up from 109.3.