More consumers expect to be better off this time next year. But for now, they remain wary about whether it is a good time to buy a major household item. Consumers felt slightly more upbeat in August, though overall confidence remains low, according to the latest ANZ Roy Morgan Consumer Confidence Index. “The lift in consumer confidence was driven by …
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US consumer confidence unexpectedly slumped in August as rising prices and concerns about future interest-rate hikes continued to drag on sentiment. The Conference Board’s monthly Consumer Confidence Index fell to just 106.1 this month, falling from a downwardly revised 114 in July (initial estimate: 117), after back-to-back increases in June and July. The consensus forecast was for a reading of …
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The numbers: The index of U.S. consumer confidence dipped to 106.1 in August from a revised 114 in the prior month, the Conference Board said Tuesday. Economists polled by The Wall Street Journal had forecast a modest pullback to 116 from the initial reading of 117, which was the highest level in two years. The revised July reading was the …
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