06132021Sun
Last updateFri, 11 Jun 2021 4pm

Manufacturing & The Economy

Consumer Confidence Hits Six-Year Low in U.S.

The Conference Board Consumer Confidence Index decreased in August, after declining in July. The Index now stands at 84.8, a six-year low, down from 91.7 in July. The Present Situation Index – based on consumers’ assessment of current business and labor market conditions – decreased sharply from 95.9 to 84.2. The Expectations Index – based on consumers’ short-term outlook for income, business, and labor market conditions – declined from 88.9 in July to 85.2 this month.

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