TL;DR
Consumer confidence continues to rise after reaching its highest level since late 2000 in February, with the Conference Board's consumer confidence index reaching 128.7 in April. High consumer confidence leads to a positive uptick in U.S. economic growth due to increased spending.
Consumer confidence continues to rise after reaching it's highest level since late 2000 in February. The Conference Board's consumer confidence index reached 128.7 in April, slightly higher than March's 127. Fox Business noted that consumers are optimistic about the future of jobs, the economy and their finances. Consumer's thoughts on current conditions reportedly rose from 158.1 to 159.6 and future expectations increased from 106.2 to 108.1.
When consumer confidence is high, U.S. economic growth sees a positive uptick due to the increase in spending. Because consumer spending drives two-thirds of the economy, it's important for confidence to stay high so businesses continue to thrive.
In this story
This story was originally published in 1851 Franchise on April 24, 2018. Burnaze summarizes and links to the original reporting.
Read the full story at 1851 FranchiseLiked this? Get the week's franchise news, explained
- Sunday 8 AM ET weekly + a monthly deep dive
- Sections picked for the industries you follow
- Every claim linked to its source. Free.