consumer confidence comes roaring back

Posted by Jonathan Kostyra on Tuesday, July 31st, 2018 at 11:45am.

Consumer Confidence nears 18 year High 

 After US GDP ripped higher to a clip over 4%, US consumer confidence is nearing an 18 year high. With wage growth appearing in the economy, job creation, robust hiring, low employment, and tax plan incentives, consumers surveyed are showing optimism.  Sources https://www.conference-board.org/data/consumerconfidence.cfm and market watch.com

Having worked in logistics out of college, I know a good indicator of true economic activity is truck tonnage, in other words how much freight are US trucks actually moving. Here is the chart. 

10 yield Treasury yields have climbed back to 2.95.  Inflation is remaining tame and now the big question, will the FED continue to raise rates? They have risen rates too quickly in the past causing too much slowing of the economy too quickly. 

In Greenville and Spartanburg, we are still experience low housing inventory. 

+Jonathan Kostyra is an Associate Broker at Carolina Realty Associates Located at 607 Pendleton Street Suite 222 Greenville SC 29601 Jonathan can be reached at: 864-335-8936

Leave a Comment