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Economic confidence among American households rose in August to its highest level since October 2000.
Factors including a buoyant job market and rising incomes are helping Americans to feel better about the economy.
The jump in confidence suggests consumers are shrugging off worries about the Trump administration’s protectionist trade policies.
As a result, many consumers said they planned to buy a house or other big-ticket items in the months ahead.
However, not all indicators were rosy. Some analysts noted that some indicators show growth may slow in the near future.
Factors including a buoyant job market and rising incomes are helping Americans to feel better about the economy.
The jump in confidence suggests consumers are shrugging off worries about the Trump administration’s protectionist trade policies.
As a result, many consumers said they planned to buy a house or other big-ticket items in the months ahead.
However, not all indicators were rosy. Some analysts noted that some indicators show growth may slow in the near future.
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