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Tuesday afternoon President Trump shared a report from CNBC titled, “Consumer confidence pops in August to highest level since October 2000.”

The report stated:

Consumer confidence rose in August to its highest level since October 2000, building on July’s solid result.

The Conference Board’s index rose to 133.4 in August, despite expectations from a survey of Reuters’ economists that it would fall to 126.7. The measure rose slightly last month to 127.4, up from 127.1 in June as consumers reported better feelings toward the economy in the near-term but less optimism about long-term growth.

“Expectations, which had declined in June and July, bounced back in August and continue to suggest solid economic growth for the remainder of 2018,” Lynn Franco, director of economic indicators at The Conference Board, said in a statement.

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