U.S. Consumer Confidence Hits 18-Year High - ABI

Consumer confidence hit an 18-year high in September, a positive indicator for spending going into the holiday shopping season, as robust job growth and a strong economic outlook bolstered Americans’ expectations for the future, the Wall Street Journal reported. The Conference Board, a private research group, said yesterday that its index of consumer confidence rose to 138.4, up from 134.7 in August — the highest level since September 2000, which represented the late stages of the 1990s technology boom. An index reading of 100 represents how households saw the economy in 1985. The report came on the heels of a separate University of Michigan survey that said sentiment jumped in early September to the second-highest level since 2004 — behind only the reading in March of this year.

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