Chart of the Week: Consumer Confidence Hits Highest Level in Almost 18 Years

One would have to take a trip back to the year 2000 to see a consumer confidence reading that is higher than the one posted today. This week’s chart displays the consumer confidence reading going back to 1985, with recessions being displayed in the red shaded bars. The August 2018 reading beat expectations of 126.6 on the back of strong survey data from consumers on current and future expectations for employment, business conditions, and income. Consumer confidence is one of the key indicators we track at Allegiant, and at current levels it’s still a positive for the economy.

Chart ConsumerConfidence

All indices are managed, and investors cannot actually invest directly into an index. Unlike investments, indices do not incur management fees, charges or expenses. Past performance does not guarantee future results.