August 27, 2024
(press release)
–
US Conference Board Consumer Confidence Index increased from 101.9 to 103.3 in August, surpassing expectations of 100.2. Present Situation Index also edged up from 133.1 to 134.4, while Expectations Index improved from 81.1 to 82.5. “Overall consumer confidence rose in August but remained within the narrow range that has prevailed over the past two years,” noted Dana M. Peterson, Chief Economist at The Conference Board. Consumers showed “mixed feelings” about the economy. While they were more optimistic about current and future business conditions, concerns about the labor market persisted. Assessments of the current job situation, though still positive, continued to weaken, with a more pessimistic outlook on future employment prospects. Additionally, consumers were slightly less positive about their future income, likely influenced by the recent rise in unemployment. The views expressed in content distributed by Newstex and its re-distributors (collectively, "Newstex Authoritative Content") are solely those of the respective author(s) and not necessarily the views of Newstex et al. It is provided as general information only on an "AS IS" basis, without warranties and conferring no rights, which should not be relied upon as professional advice. Newstex et al. make no claims, promises or guarantees regarding its accuracy or completeness, nor as to the quality of the opinions and commentary contained therein.
* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.
