According to the New York-based Conference Board’s indicator, U.S. consumer confidence increased in August to 133.4 - the highest level in around 18 years.
According to the Board’s gauge, consumer sentiment about present conditions in August climbed to the highest value since December 2000, while the expectation measure rose to a six-month high.
Compared to the previous month’s 20.4%, a fraction of households expecting incomes to increase in the next six months was 25.5% - marking the highest share since December 2000. The share of households expecting more jobs, however, declined to 21.7%, from preceding month’s 22.6%.