The US Consumer Comfort Index Reaches 17-year High

According to a recent Industry Week article, the US economy is on solid ground, with the Consumer Comfort Index reaching 17-year high in September.

A string of reports on Sept. 20 showed the labor market is getting stronger, consumers are increasingly optimistic and manufacturers are expanding, adding to signs that gross domestic product remains on track for a solid performance in the third quarter.

A gauge of manufacturing from the Federal Reserve Bank of Philadelphia rebounded by more than projected in September from the lowest level in almost two years, as orders, shipments and employment picked up. At the same time, price pressures are easing, as a gauge of input prices fell to the lowest since January.

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