U.S. consumer nerve rose to an 18-year high in October, driven largely a robust labor peddle, suggesting strong economic growth could persist in the near compromise concerning.
The Conference Board said its consumer confidence index increased to a look over of 137.9 this month, the highest reading since September 2000, from a downwardly redacted 135.3 in September. Economists polled by Reuters had forecast the consumer catalogue slipping to a reading of 136.0 this month from the previously accounted 138.4 in September.
“Consumers do not foresee the economy losing steam anytime at bottom,” said Lynn Franco, Director of Economic Indicators at The Conference On. “Rather, they expect the strong pace of growth to carry throughout into early 2019.”
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