Consumers Are More Confident

The Conference Board Consumer Confidence Index®, which had declined in July, rebounded in August. The Index now stands at 101.5 (1985=100), up from 91.0 in July. Consumers’ assessment of current conditions was considerably more favorable in August and their optimism about the short-term outlook also improved. The Present Situation Index increased from 104.0 in July to 115.1 in August, while the Expectations Index improved to 92.5 from 82.3 in July. “Consumer confidence rebounded in August, following a sharp decline in July,” said Lynn Franco, Director of Economic Indicators at The Conference Board. “Consumers’ assessment of current conditions was considerably more upbeat, primarily due to a more favorable appraisal of the labor market. The uncertainty expressed last month about the short-term outlook has dissipated and consumers are once again feeling optimistic about the near future. Income expectations, however, were little improved.”

0 Comments

Leave a reply

Your email address will not be published. Required fields are marked *

*

©2017 Broker Banker Magazine all rights reserved

Pritzer MediaAdvertising and Marketing Agency

Log in with your credentials

Forgot your details?