The Conference Board said Consumer Confidence rose in August for the first increase in the index in four months to 103.2 in August (consensus 97.4) from a downwardly revised 95.3 (from 95.7) in July. Hope rose as prices though at extreme levels had levelled off while political discourse continued. For perspective in the same period a year ago, the Consumer Confidence Index stood at 115.2.
The Conference Board
US August Consumer Confidence
- The Conference Board’s Consumer Confidence Index rose to 103.2 in August (consensus 97.4) from a downwardly revised 95.3 (from 95.7) in July. This was the first increase in the index in four months. In the same period a year ago, the Consumer Confidence Index stood at 115.2.
- Even with the August improvement in confidence, the Expectations Index remains below 80.0, which suggests the recession risks continue to persist.
The Conference Board publishes the Consumer Confidence Index® at 10 a.m. ET on the last Tuesday of every month. Subscription information and the technical notes to this series are available on The Conference Board website: https://www.conference-board.org/data/consumerdata.cfm.
About The Conference Board
The Conference Board is the member-driven think tank that delivers trusted insights for what’s ahead. Founded in 1916, a non-partisan, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. www.conference-board.org.
Source: The Conference Board
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