'It may not be as strong an increase as last year, but we still feel pretty good about what we are seeing,' says UPS' David Abney.
told CNBC on Tuesday that the U.S. consumer is "still holding up," despite warning signs in other areas of the economy and the China trade war.Squawk Alley
." "It may not be as strong an increase as last year, but we still feel pretty good about what we are seeing." "Of course we'd like to see industrial production and manufacturing increase, but consumer is holding on right now," he added. Consumer activity accounts of about two-thirds of the U.S. economy.said on Friday
, "Despite the high levels of confidence, consumers have also expressed rising levels of economic uncertainty." The final reading on September consumer sentiment showed a small increase, but a near-record number of consumers cited trade policies as a negative factor weighing on growth.
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