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The U.S. consumer confidence pop



The U.S. consumer confidence pop to a new 18-year high of 133.4 in August from 127.9 (was 127.4) in July, accompanied a surge in the current conditions index to a new 18-year high as well, of 172.2, from previous 17-year highs in June and July, and a pop to a new 17-year high for the job strength diffusion index of 30.0, after a prior 17-year high of 28.0 (was 28.1) in July. All the major consumer confidence surveys are oscillating around elevated levels. The components revealed a further For other August surveys, the Michigan sentiment index fell to an 11-month low of 95.3 from 97.9 in July and 98.2 in July left the measure further below the 14-year high of 101.4 in March. The IBD/TIPP index popped to a 58.0 new cycle-high in August from 56.4 in July, versus a slightly higher 56.7 prior cycle-high in February. The Bloomberg Consumer Comfort index rose to a 59.3 new cycle-high at the start of August before slipping to 58.9 in the second week and 58.6 in the third, following a monthly cycle-high average of 58.6 in July