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Economy

US consumer confidence races to near 18-year high

Updated : August 29, 2018 06:35 AM IST

The bright economic outlook, however, was dimmed somewhat by other data on Tuesday showing the goods trade deficit widened sharply in July as exports of agricultural products tumbled, indicating trade could be a drag on growth in the third quarter
The jump in confidence this month suggests consumers are little worried about the Trump administration's protectionist trade policy, which has led to an escalation of a trade war between the United States and China as well as tit-for-tat tariffs with the European Union, Canada and Mexico.
US consumer confidence races to near 18-year high
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