The attached file contains this articles commentary as well as tables and charts of the data.
Consumer Confidence: New Cycle Highs in Present Situation
August 29, 2017
Bottom Line: The Conference Board's consumer confidence index rose again in August as consumers' assessments of the present situation reached another new cycle high. There were small negative revisions to July data. And once again the details were a bit more mixed as 6-month outlooks for business fell moderately and outlooks for income fell modestly, while expectations for job availability were mostly mixed. Overall, consumer confidence remained very strong in August.
Consumer Confidence ROSE by 3.8 points in July to 121.1, compared with market expectations for a decline to 116.5. The index is now 25.2% ABOVE its year ago level.
Present Situation Index ROSE by 3.9 points to 147.8. The index is 24.4% ABOVE its year ago level.
The Expectations Index ROSE by 3.7 points to 103.3. The index is 26.0% ABOVE its year ago level.
The labor differential, the percentage of respondents who said jobs are “hard to get” from the percentage who said jobs are “plentiful” , moved higher by 2.5 points to 16.1.