Print Edition - 2018-08-30  |  Money Digest

US consumer confidence nears 18-year high


Aug 30, 2018-

US consumer confidence surged to near an 18-year high in August, as households remained upbeat on the labor market, pointing to strong consumer spending that should help to sustain the economy for the remainder of the year. The bright economic outlook, however, was dimmed somewhat by other data on Tuesday showing the goods trade deficit widened sharply in July as exports of agricultural products tumbled, indicating trade could be a drag on growth in the third quarter. The jump in confidence this month suggests consumers are little worried about the Trump administration’s protectionist trade policy. (REUTERS)

Published: 30-08-2018 08:55

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