Consumer confidence reaches highest level since October 2000…
The Conference Board Consumer Confidence Index Increased in August.
The Conference Board Consumer Confidence Index® increased in August, following a modest increase in July. The Index now stands at 133.4 (1985=100), up from 127.9 in July. The Present Situation Index improved from 166.1 to 172.2, while the Expectations Index increased from 102.4 last month to 107.6 this month.
“Consumer confidence increased to its highest level since October 2000 (Index, 135.8), following a modest improvement in July,” said Lynn Franco, Director of Economic Indicators at The Conference Board.
“Consumers’ assessment of current business and labor market conditions improved further. Expectations, which had declined in June and July, bounced back in August and continue to suggest solid economic growth for the remainder of 2018. Overall, these historically high confidence levels should continue to support healthy consumer spending in the near-term.”
Consumers’ appraisal of current conditions improved further in August. Those stating business conditions are “good” increased from 38.1 percent to 40.3 percent, while those saying business conditions are “bad” declined from 10.3 percent to 9.1 percent. Consumers’ appraisal of the labor market was also more favorable. Those claiming jobs are “plentiful” was virtually unchanged at 42.7 percent, while those claiming jobs are “hard to get” declined from 14.8 percent to 12.7 percent.
Consumers’ optimism about the short-term outlook bounced back in August. The percentage of consumers anticipating business conditions will improve over the next six months increased from 22.9 percent to 24.3 percent, but those expecting business conditions will worsen marginally rose, from 10.3 percent to 10.5 percent.
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The economy is absolutely roaring back to life just as President Trump said it would when he was campaigning for President. Another promise made, another promise kept. That is the Donald Trump effect and keeping promises equals more winning for America! He wasn’t lying when he said we were gonna win so much, and win at everything!
Border Security is up, ISIS was virtually destroyed, illegal immigration is down, job killing regulations are being slashed, jobs are being created in yuge numbers, the economy is booming, sex offenders are being arrested in record numbers…did I forget anything? Oh yeah and the Liberal media is in a complete meltdown just about every single day. They keep promising it’s the end of Trump and he just wins even more!
Make sure you all vote MAGA this November so we can Keep America Great by moving this agenda forward and not ‘monkeying it up’ by voting for the tax raising socialist Democrats!