US conference board consumer confidence jumped to 133.4 in August, up from 127.9 and beat expectation of 127.0. That’s also the highest reading since October 2000.
Lynn Franco, Director of Economic Indicators at The Conference Board said “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.”
