First improvement in Conf. Board confidence index since April

30 August 2022

 

Summary: Conference Board Consumer Confidence Index improves in August; reading above consensus expectations; views of present conditions, short-term outlook both improve; “recession risks continue”, inflation concerns remain elevated. 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 high...

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