CONSUMER CONFIDENCE FORMING A DOUBLE TOP "M" PATTERN
MATA: SENTIMENT - CONSUMER CONFIDENCE
October 2018 - Doug Short - "Consumer Confidence Up Again in October"
MATASII ANNOTATED CHART
based on data collected through October 18. The headline number of 137.9 was an increase from the final reading of 135.3 for September, a downward revision from 138.4. Today's number was above the Investing.com consensus of 136.0.
“Consumer Confidence increased in October, following a modest gain in September, and remains at levels last seen in the fall of 2000 (September 2000, 142.5),” said Lynn Franco, Senior Director of Economic Indicators at The Conference Board. “Consumers’ assessment of present-day conditions remains quite positive, primarily due to strong employment growth. The Expectations Index posted another gain in October, suggesting that consumers do not foresee the economy losing steam anytime soon. Rather, they expect the strong pace of growth to carry over into early 2019.”