Feeling Good

The Conference Board’s index of consumer confidence was released this morning and consumers are feeling pretty good. More consumers believe jobs are plentiful now than did last month, and fewer think business conditions are bad. On the other hand, some more consumers believe that pay will decrease this year than did the month before. These mixed signals add up to reflect the flat readings over the last few months on my consumer confidence chart below. Confidence has remained near historic average readings for about six months.