In September the index rose to 104.1. Maybe this should not come as a surprise, recent data showed that US household income grew by 5.2% in 2015, the highest annual increase in US income seen since 1967, at least we think that is so, data only goes back to 1967, so it may even have been the best year for even longer.

This year has also seen US non-farm payrolls grow by 1.5 million.

This does not mean all is plain sailing, wages are still rising slowly, productive growth is not so good, but at least the surge in consumer confidence suggests consumers are feeling much better about their finances.