US Conference Board August consumer confidence 89.4 vs 90.2 expected
- Worst since January
- Prior was 90.8 (revised to 90.2)
- Present situation 121.2 vs 114.4 prior
- Expectations 68.2 vs 74.0 prior
This isn't a good read but this indicator is rarely a market mover.
“Consumer confidence moderated slightly in August for a second consecutive month,” said Dana M Peterson, Chief Economist, The Conference Board. “The Expectations Index slipped further into negative territory, which was offset by a moderate rise in the Present Situation Index after declining in the past three months. Consumer appraisals of current business conditions were mildly positive. Perceptions of the current labor market improved, reversing three months of moderate decline. Looking ahead, consumers were more pessimistic about business conditions and the labor market over the next six months. Expectations for household incomes moderated but remained optimistic overall.”
This article was written by Adam Button at investinglive.com.提供 MainLink：Investinglive RSS Breaking News Feed
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