Updated: 25-Sep-18 10:20 ET
| September Consumer Confidence |
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| Updated: 25-Sep-18 10:20 ET |
Highlights
- The Conference Board's Consumer Confidence Index increased to 138.4 in September from an upwardly revised 134.7 (from 133.4) in August. The September reading is the highest since September 2000.
Key Factors
- The Present Situation Index increased from 172.8 to 173.1.
- The Expectations Index Index surged from 109.3 to 115.3.
- The all-time high for the Consumer Confidence Index is 144.7, which was hit in May 2000.
Big Picture
- The key takeaway from the report is that the high level of consumer confidence, which was fueled by an uptick in expectations, creates a good backdrop for healthy consumer spending activity that is the driver of GDP growth.
| Category | SEP | AUG | JUL | JUN | MAY |
| Conference Board | 138.4 | 134.7 | 127.9 | 127.1 | 128.8 |
| Expectations | 115.3 | 109.3 | 102.4 | 104.0 | 107.2 |
| Present Situation | 173.1 | 172.8 | 166.1 | 161.7 | 161.2 |
| Employment ('plentiful' less 'hard to get') | 32.5 | 30.2 | 28.0 | 25.3 | 26.5 |
| 1 yr inflation expectations | 4.7% | 4.7% | 5.0% | 4.9% | 4.9% |