Conf. Board confidence index drops in August; consumers “preoccupied” with rising prices

29 August 2023

 

Summary: Conference Board Consumer Confidence Index falls in August, reading less than expected; consumers  preoccupied with rising prices, especially groceries, gasoline; views of present conditions, short-term outlook both deteriorate. US consumer confidence clawed its way back to neutral over the five years after the GFC in 2008/2009 and then went from strength to strength until late 2018. Measures of consumer confidence then oscillated within a relatively narrow band at historically...

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