Consumer Confidence Soars to Highest Level in 18 Years

ㅤ"The Conference Board said its consumer confidence index rose to 137.9 in October from a downwardly revised 135.3 in September. The October level is the highest since September of 2000, when the index hit 142.5.
ㅤEconomists had expected the consumer confidence index to drop to 136.3 from the 138.4 previously reported for the previous month.
ㅤConsumer views of both the present and the future improved in October. Positive sentiment of current economic conditions jumped to 172.8 from 164.9 in the previous month. The expectations index soared higher, to 144.6 in October from 112.5 in September.
ㅤ’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,’ said Lynn Franco, Senior Director of Economic Indicators at The Conference Board."

Full story at Breitbart. Posted here on 10/30/18. See "consumer confidence, expectations index, economy."

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