US Consumer Confidence Fell in August to Lowest Level since February

From prnewswire.com

The Conference Board Consumer Confidence Index® declined in August, following a decrease in July (a downward revision). The Index now stands at 113.8 (1985=100), down from 125.1 in July. The Present Situation Index—based on consumers' assessment of current business and labor market conditions—fell to 147.3 from 157.2 last month. The Expectations Index—based on consumers' short-term outlook for income, business, and labor market conditions—fell to 91.4 from 103.8. "Consumer confidence retreated in August to its lowest level since February 2021 (95.2)," said Lynn Franco, Senior Director of Economic Indicators ... (full story)