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WASHINGTON | US consumer spirits rise to new 18-year high in October
WASHINGTON | US consumer spirits rise to new 18-year high in October
WASHINGTON — U.S. consumer confidence rose again this month, hitting a new 18-year high.
The Conference Board said Tuesday that its consumer confidence index climbed to 137.9 in October from 135.3 in September. Both readings are the highest since September 2000.
The index measures consumers’ assessment of current economic conditions and their outlook for the next six months. Both improved in…
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WASHINGTON | US service companies expanded at strong pace in June
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WASHINGTON | US service companies expanded at strong pace in June
WASHINGTON — U.S. service firms expanded at a surprisingly strong pace in June as companies saw gains in business activity and new orders.
The Institute for Supply Management says that its services index rose to 59.1 last month compared to 58.6 in May. Any reading above 50 signals growth.
The services sector, where most Americans are employed, has now expanded for 101 consecutive months, or more than eight years.
The gain was better than many economists had been expecting and depicts an overall economy that appears to be regaining momentum after a slowdown in the winter.
By MARTIN CRUTSINGER , Associated Press
