ㅤ”Last month’s consumer confidence index already broke records, when the index for October increased to 125.9—the highest it had been since December 2000.
ㅤThe latest numbers have defied economists’ expectations, with many predicting that the index would go down to 124.
ㅤ’Consumer confidence increased for a fifth consecutive month and remains at a 17-year high,’ Lynn Franco, director of Economic Indicators at The Conference Board, told CNBC.
ㅤFranco predicts that the reason for the increase may have to do with consumers’ optimism about the economy’s expansion around the holiday season.
ㅤ’Consumers are entering the holiday season in very high spirits and foresee the economy expanding at a healthy pace into the early months of 2018,’ Franco said.”
ㅤFull story at Breitbart, image from breitbart(.com) • economists, economy, gdp, gross domestic product, consumer confidence index, lynn franco