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US consumer confidence rises to 18-year high in September

TECH

US consumer confidence rises to 18-year high in September
TECH

TECH

US consumer confidence rises to 18-year high in September

2018-09-25 22:18 Last Updated At:09-26 10:19

U.S. consumer confidence shot up to an 18-year high in September.

The Conference Board, a business research organization, says its consumer confidence index climbed to 138.4 in September from 134.7 in August. This month's reading was the highest since September 2000.

The index measures consumers' assessment of current economic conditions and their outlook for the next six months. Both improved in September.

FILE- In this Aug. 30, 2018, photo, buyers sit in a cubicle near a 2018 HR-V on the floor of a Honda dealership in Highlands Ranch, Colo. On Tuesday, Sept. 25, the Conference Board releases its September index on U.S. consumer confidence. (AP PhotoDavid Zalubowski, File)

FILE- In this Aug. 30, 2018, photo, buyers sit in a cubicle near a 2018 HR-V on the floor of a Honda dealership in Highlands Ranch, Colo. On Tuesday, Sept. 25, the Conference Board releases its September index on U.S. consumer confidence. (AP PhotoDavid Zalubowski, File)

"These historically high confidence levels should continue to support healthy consumer spending, and should be welcome news for retailers as they begin gearing up for the holiday season," said Lynn Franco, the Conference Board's director of economic indicators.

The U.S. economy grew at an annual pace of 4.2 percent from April through July, fastest rate in nearly four years.

PORT ST. LUCIE, Fla. (AP) — Charlie Woods failed to advance in a U.S. Open local qualifying event Thursday, shooting a 9-over 81 at Legacy Golf & Tennis Club.

The 15-year-old son of Tiger Woods tied for 61st among the 74 players who finished. The top five advanced to regional qualifying.

Woods shot 40 on the front nine, opening bogey-double bogey. He followed a birdie on the par-3 fifth with another double bogey. He shot 41 on the back with three bogeys and a double bogey.

The U.S. Open will be played June 13-16 at Pinehurst No. 2 in North Carolina.

Woods also struggled in February in a pre-qualifier for the PGA Tour's Cognizant Classic, taking a 12 on a hole and shooting a 16-over 86 at Lost Lake Golf Club in Hobe Sound.

Woods has played the 36-hole PNC Championship with his father the last four years in a scramble format.

AP golf: https://apnews.com/hub/golf

FILE - Charlie Woods tees off during the final round of the PNC Championship golf tournament Sunday, Dec. 17, 2023, in Orlando, Fla. Charlie Woods, the 15-year-old son of Tiger Woods, failed to qualify for his first U.S. Open after shooting 9-over 81 on Thursday, April 25, 2024, at Legacy Golf & Tennis Club in Port St. Lucie, Florida.(AP Photo/Kevin Kolczynski, File)

FILE - Charlie Woods tees off during the final round of the PNC Championship golf tournament Sunday, Dec. 17, 2023, in Orlando, Fla. Charlie Woods, the 15-year-old son of Tiger Woods, failed to qualify for his first U.S. Open after shooting 9-over 81 on Thursday, April 25, 2024, at Legacy Golf & Tennis Club in Port St. Lucie, Florida.(AP Photo/Kevin Kolczynski, File)

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