Consumer confidence rises to highest level in 18 years
By Fred Imbert
September 25, 2018
Consumer confidence rose in September, notching its highest level in about 18 years.
The Consumer Board’s index rose to 138.4 this month from 134.7 in August.
“Consumers’ assessment of current conditions remains extremely favorable, bolstered by a strong economy and robust job growth,” said Lynn Franco, director of economic indicators at the Conference Board.
The Conference Board also said optimism about the short-term outlook improved considerably this month, with 27.6 percent of consumers expecting business conditions to improve over the next six months; that’s up from 24.4 percent in August.