Thursday, January 18, 2018

Consumer confidence rises again in September


Tuesday, September 29, 2015
by PAUL WISEMAN

The business research group's consumer confidence index rose again to 103 in September after rising sharply in August to 101.3. The September reading was the highest since January, which could add more freight to the roads if the trend continues. (The Trucker file photo)
The business research group's consumer confidence index rose again to 103 in September after rising sharply in August to 101.3. The September reading was the highest since January, which could add more freight to the roads if the trend continues. (The Trucker file photo)

WASHINGTON — The Conference Board says Americans are feeling more confident this month, a good sign for consumer spending and the economy.

The business research group's consumer confidence index rose again to 103 in September after rising sharply in August to 101.3. The September reading was the highest since January, which could add more freight to the roads if the trend continues.

Consumers' assessment of present economic conditions rose to the highest level in eight years. More than 25 percent of Americans said jobs were plentiful, highest share since September 2007. But expectations for the future remained flat.

The U.S. economy is looking healthy. Economic growth came in at a 3.9 percent annual rate from April through June, and unemployment has dropped to a seven-year low 5.1 percent. But worries about an economic slowdown in China and other emerging markets have rattled financial markets.

The Trucker staff can be reached to comment on this article at editor@thetrucker.com.

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