“The IBD/TIPP Economic Optimism Index, a leading national poll on consumer confidence, rose again overall in August, moving up 2.8 percent to 58.0 from 56.4 in July,” TIPP Online reported on Tuesday.
Key quotes from the official press release
- This marks the index’s highest reading of the Trump presidency as well as a record twenty-third consecutive month in positive territory.
- The National Outlook Index rose 6.4 percent to 49.7.
- The Financial Related Stress Index reflected a reading of 47.4, down 8.1 percent to reflect an all-time low (a higher stress index reading indicates more stress).
- On the Personal Financial component, once again all 21 groups IBD/TIPP tracks remained in optimistic territory, as 16 groups increased and five declined.
- The overall index hit its second-highest level ever in August.
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