Consumer Confidence Is The Highest In 19 Years

Dec 2014
18,524
6,888
The Milky Way
Per the Conference Board. Smile!


Despite forecasts from leading economists predicting a recession, U.S. consumer confidence is currently at the highest levels in almost 19 years.

The Conference Board Consumer Confidence Index is at a steadfast high, slightly declining in August to 135.1 from 135.8 in July, according to the business research group, indicating U.S. workers and consumers are confident in their economic position.

After falling to 121.5 in June, the first time it dropped in three months, the index has basically been stagnant, said Lynn Franco, the senior director of economic indicators at the Conference Board.

The current 135.1 August reading compares to a 59.2 reading after the same two and a half years of the Obama administration. The Index plummeted to 40.9 in October 2011 and never rose above 103.8 for Obama.

...

“Consumer confidence was relatively unchanged in August, following July’s increase,” said Lynn. “Consumers’ assessment of current conditions improved further, and the Present Situation Index is now at its highest level in nearly 19 years (Nov. 2000, 179.7).”

...



Trump Economy Smashes Expectations: Consumer Confidence Is The Highest In 19 Years - Laura Loomer Official
 
Jan 2016
57,388
54,212
Colorado
That is certainly NOT true of the OTHER survey of consumer confidence, the more important one, the University of Michigan Consumer Confidence survey:

United States Consumer Sentiment | 2019 | Data | Chart | Calendar | Forecast

The University of Michigan's consumer sentiment for the US fell to 92.1 in August 2019 from 98.4 in the previous month and well below market consensus of 97.2, a preliminary estimate showed. That was the lowest reading since January, as monetary and trade policies have heightened consumer uncertainty about their future financial prospects. Consumer Confidence in the United States averaged 86.58 Index Points from 1952 until 2019, reaching an all time high of 111.40 Index Points in January of 2000 and a record low of 51.70 Index Points in May of 1980.
 
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Jan 2016
57,388
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Colorado
1566971612257.png

There's the bar graph for the University of Michigan Consumer Confidence survey. It is quite obviously NOT at a 19-year high.
 
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Jul 2011
36,692
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Tennessee
That is certainly NOT true of the OTHER survey of consumer confidence, the more important one, the University of Michigan Consumer Confidence survey:

United States Consumer Sentiment | 2019 | Data | Chart | Calendar | Forecast

The University of Michigan's consumer sentiment for the US fell to 92.1 in August 2019 from 98.4 in the previous month and well below market consensus of 97.2, a preliminary estimate showed. That was the lowest reading since January, as monetary and trade policies have heightened consumer uncertainty about their future financial prospects. Consumer Confidence in the United States averaged 86.58 Index Points from 1952 until 2019, reaching an all time high of 111.40 Index Points in January of 2000 and a record low of 51.70 Index Points in May of 1980.
Why is this the more important survey?
 
Jun 2014
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United States
“Consumer confidence was relatively unchanged in August, following July’s increase,” said Lynn. “Consumers’ assessment of current conditions improved further, and the Present Situation Index is now at its highest level in nearly 19 years (Nov. 2000, 179.7).”

Anyone who follows your link to The Conference Board Consumer Confidence Index website will know that you cherry picked and deceptively modified this statement. Consumer confidence declined in August and the "Present Situation Index" is not the "Consumer Confidence Index".
 
Jul 2019
1,889
589
Toronto
Per the Conference Board. Smile!


Despite forecasts from leading economists predicting a recession, U.S. consumer confidence is currently at the highest levels in almost 19 years.
The Conference Board Consumer Confidence Index is at a steadfast high, slightly declining in August to 135.1 from 135.8 in July, according to the business research group, indicating U.S. workers and consumers are confident in their economic position.
After falling to 121.5 in June, the first time it dropped in three months, the index has basically been stagnant, said Lynn Franco, the senior director of economic indicators at the Conference Board.
The current 135.1 August reading compares to a 59.2 reading after the same two and a half years of the Obama administration. The Index plummeted to 40.9 in October 2011 and never rose above 103.8 for Obama.
...
“Consumer confidence was relatively unchanged in August, following July’s increase,” said Lynn. “Consumers’ assessment of current conditions improved further, and the Present Situation Index is now at its highest level in nearly 19 years (Nov. 2000, 179.7).”
...


Trump Economy Smashes Expectations: Consumer Confidence Is The Highest In 19 Years - Laura Loomer Official
BRAVO!!!
 

Macduff

Moderator
Apr 2010
99,419
35,637
Pittsburgh, PA
Anyone who follows your link to The Conference Board Consumer Confidence Index website will know that you cherry picked and deceptively modified this statement. Consumer confidence declined in August and the "Present Situation Index" is not the "Consumer Confidence Index".
Yeah, he tried so hard to hide that that he put it in the OP.
The Present Situation Index is a Consumer Confidence Index.