US consumer confidence slips again as the six-month outlook darkens
The Conference Board index fell 0.8 points to 89.4 in August, a second straight monthly decline. Expectations dropped 5.8 points to 68.2 while the present-situation reading rose 6.8 points to 121.2. Consumers were more pessimistic about business conditions and jobs over the next six months: 26.1 per cent expected fewer jobs against 14.6 per cent expecting more.
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Reported development
US consumer confidence slips again as the six-month outlook darkens The Conference Board index fell 0.8 points to 89.4 in August, a second straight monthly decline. Expectations dropped 5.8 points to 68.2 while the present-situation reading rose 6.8 points to 121.2. Consumers were more pessimistic about business conditions and jobs over the next six months: 26.1 per cent expected fewer jobs against 14.6 per cent expecting more. Consumers were more pessimistic about business conditions and jobs over the next six months: 26.1 per cent expected fewer jobs against 14.6 per cent expecting more.[1]
Details in the report
The Conference Board index fell 0.8 points to 89.4 in August, a second straight monthly decline. Expectations dropped 5.8 points to 68.2 while the present-situation reading rose 6.8 points to 121.2. Consumers were more pessimistic about business conditions and jobs over the next six months: 26.1 per cent expected fewer jobs against 14.6 per cent expecting more. The gap between those calling jobs plentiful and those calling them hard to get widened to 7.5 percentage points, and write-in answers pointed to prices, fuel, war and food. The cutoff for the preliminary results was August 16.[1]
Additional context
US consumer confidence slips again as the six-month outlook darkens The Conference Board index fell 0.8 points to 89.4 in August, a second straight monthly decline. Expectations dropped 5.8 points to 68.2 while the present-situation reading rose 6.8 points to 121.2. Consumers were more pessimistic about business conditions and jobs over the next six months: 26.1 per cent expected fewer jobs against 14.6 per cent expecting more. The gap between those calling jobs plentiful and those calling them hard to get widened to 7.5 percentage points, and write-in answers pointed to prices, fuel, war and food. The cutoff for the preliminary results was August 16.[1]
