Consumer Confidence Exceeds Wall Street Expectations

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The consumer confidence index is at its highest level since September 2015

 

August 31, 2016

Shopping mall. Photo: sean_hickin/Creative Commons

Americans consumers are confident and they have a favorable view of the economy — for now, at least.

MarketWatch reports that the consumer confidence index increased to 101.1 in August, the highest level since September 2015. The mark was up from July’s score (96.7), and it even surpassed expectations. Economists predicted a score of 97.

The present situation index, a measure of current economic conditions, reached 123 in July, the highest score since late 2007.

Optimism is waning though, as the future expectations index, at 86.4 in July, sat well below the postrecession high.

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