Consumer confidence inches up in August to highest level in six months

Consumers are feeling more confident even as they grow more concerned about the labor market.

The Conference Board’s Consumer Confidence Index rose in August to a better-than-expected reading of 103.3 — its highest reading since February — from an upwardly revised 101.9 in July. The Present Situation Index — based on consumers’ assessment of current business and labor market conditions — rose to 134.4 from 133.1 in July.

The Expectations Index — based on consumers’ short-term outlook for income, business, and labor market conditions — also improved in August, rising to 82.5 from 81.1 in July. August marked the second consecutive month that the expectations reading was above 80.
more at: https://chainstoreage.com/consumer-confidence-inches-august-highest-level-six-months

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